Press Releases

National Bank adjusts its Mortgage rates

Montréal, 15 April 2004 -

National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of April 16, 2004.

TERM

CURRENT RATE (%)

NEW RATE
(%)

CHANGE

FIXED-RATE OPEN TERM

 

6 months open

6.60

6.60

0.000

1 year open

6.65

6.65

0.000

FIXED-RATE CLOSED TERM

 

 

 

3 month closed

4.400

4.400

0.000

6 months closed

5.150

5.150

0.000

1 year closed

4.450

4.450

0.000

2 years closed

4.750

4.900

0.150

3 years closed

5.350

5.600

0.250

4 years closed

5.750

5.850

0.100

5 years closed

5.950

6.200

0.250

7 years closed

7.050

7.400

0.350

10 years closed

7.750

7.950

0.200

VARIABLE-RATE CLOSED TERM

 

 

 

5 years Variable rate (discount included)

3,50

3,50

0,000

5 years Saver

4,05

4,05

0,000

5 years Capped rate

4,15

4,15

0,000


Information :

Denis Dubé
Manager
Public Relations Department
National Bank of Canada
Tél.: 514 394-8644