Press Releases

National Bank adjusts its Mortgage rates

Montreal, 20 May 2004 -

National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of May 21 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

5,100

5,100

0,000

3 years closed

5,750

5,750

0,000

4 years closed

6,100

6,350

0,250

5 years closed

6,400

6,550

0,150

7 years closed

7,400

7,600

0,200

10 years closed

8,050

8,050

0,000

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 : (The telephone number and e-mail address provided below are for the exclusive use of journalists and other media representatives.)

Denis Dubé
Manager, Public Relations Department
Tel.: (514) 394-8644