Press Releases

National Bank adjusts its Mortgage rates

Montreal, 28 October 2004 -

National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of October 29, 2004.

TERM

CURRENT RATE
(%)

NEW RATE
(%)

CHANGE

FIXED-RATE OPEN TERM

 

 

 

6 months open

6.800

6.800

0.000

1 year open

7.100

7.100

0.000

FIXED-RATE CLOSED TERM

 

 

 

3 month closed

4.700

4.700

0.000

6 months closed

5.250

5.250

0.000

1 year closed

4.900

4.900

0.000

2 years closed

5.300

5.300

0.000

3 years closed

5.850

5.800

-0.050

4 years closed

6.200

6.100

-0.100

5 years closed

6.400

6.300

-0.100

7 years closed

7.350

7.250

-0.100

10 years closed

8.050

7.950

-0.100

VARIABLE-RATE CLOSED TERM

 

 

 

5 years Variable rate (discount included)

4.000

4.000

0.000

5 years Saver

4.350

4.350

0.000

5 years Capped rate

4.250

4.250

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