Press Releases

National Bank adjusts its Mortgage rates

Montreal, 9 June 2004 -

National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of June 10, 2004.

TERM

CURRENT RATE (%)

NEW RATE 
(%)

CHANGE

FIXED-RATE OPEN TERM

 

 

 

6 months open

6.600

6.700

0.100

1 year open

6.650

6.800

0.150

FIXED-RATE CLOSED TERM

 

 

 

3 month closed

4.400

4.400

0.000

6 months closed

5.150

5.200

0.050

1 year closed

4.450

4.700

0.250

2 years closed

5.100

5.300

0.200

3 years closed

5.750

5.950

0.200

4 years closed

6.350

6.500

0.150

5 years closed

6.550

6.700

0.150

7 years closed

7.600

7.850

0.250

10 years closed

8.050

8.250

0.200

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