Press Releases

National Bank adjusts its Mortgage rates

Montreal, 10 May 2004 -

National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of May 11, 2004.

TERM

CURRENT RATE (%)

NEW RATE
(%)

CHANGE

FIXED-RATE OPEN TERM

 

6 months open

6,600

6,600

0,000

1 year open

6,650

6,650

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

5,100

0,200

3 years closed

5,500

5,750

0,250

4 years closed

5,950

6,100

0,150

5 years closed

6,150

6,400

0,250

7 years closed

7,250

7,400

0,150

10 years closed

7,950

8,050

0,100

VARIABLE-RATE CLOSED TERM

 

 

 

5 years Variable rate (discount included)

3,500

3,500

0,000

5 years Saver

4,050

4,050

0,000

5 years Capped rate

4,150

4,150

0,000

Information :

Denis Dubé
Manager
Public Relations Department
National Bank of Canada
Telephone: (514) 394-8644