Press Releases

National Bank adjusts its Mortgage rates

Montreal, 3 December 2004 -

National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of December 6, 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

7.000

-0.100

FIXED-RATE CLOSED TERM

 

 

 

3 month closed

4.800

4.800

0.000

6 months closed

5.250

5.100

-0.150

1 year closed

5.000

4.800

-0.200

2 years closed

5.400

5.150

-0.250

3 years closed

5.750

5.700

-0.050

4 years closed

6.100

5.950

-0.150

5 years closed

6.300

6.150

-0.150

7 years closed

7.200

7.000

-0.200

10 years closed

7.850

7.600

-0.250

VARIABLE-RATE CLOSED TERM

 

 

 

5 years Variable rate (discount included)

4.000

4.000

0.000

5 years Saver

4.450

4.450

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