Press Releases

National Bank adjusts its Mortgage rates

Montreal, 8 September 2004 -

National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of September 9, 2004.

TERM

CURRENT RATE
(%)

NEW RATE
(%)

CHANGE

FIXED-RATE OPEN TERM

 

 

 

6 months open

6.650

6.650

0.000

1 year open

6.950

6.950

0.000

FIXED-RATE CLOSED TERM

 

 

 

3 month closed

4.400

4.600

0.200

6 months closed

5.300

5.300

0.000

1 year closed

4.500

4.650

0.150

2 years closed

5.150

5.150

0.000

3 years closed

5.700

5.700

0.000

4 years closed

6.200

6.200

0.000

5 years closed

6.400

6.400

0.000

7 years closed

7.450

7.450

0.000

10 years closed

7.950

7.950

0.000

VARIABLE-RATE CLOSED TERM

 

 

 

5 years Variable rate (discount included)

3.500

3.750

0.250

5 years Saver

4.050

4.250

0.200

5 years Capped rate

4.150

4.400

0.250

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