Press Releases

National Bank adjusts its Mortgage rates

Montreal, 20 April 2004 -

National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of April 20, 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

4.900

4.900

0.000

3 years closed

5.600

5.500

-0.100

4 years closed

5.850

5.950

0.100

5 years closed

6.200

6.150

-0.050

7 years closed

7.400

7.250

-0.150

10 years closed

7.950

7.950

0.000

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
Tel.: 514 394-8644