Press Releases

National Bank adjusts its mortgage rates

Montreal, 17 January 2007 -

National Bank has adjusted its rates for residential mortgages. The new rates are effective as of January 18, 2007.

TERM

CURRENT RATE
(%)

NEW RATE
(%)

CHANGE

FIXED-RATE OPEN TERM

 

 

 

6 months open

8.150

8.250

0.100

1 year open

8.450

8.650

0.200

FIXED-RATE CLOSED TERM

 

 

 

3 months closed

6.350

6.450

0.100

6 months closed

6.350

6.450

0.100

1 year closed

6.300

6.500

0.200

2 years closed

6.400

6.600

0.200

3 years closed

6.400

6.600

0.200

4 years closed

6.400

6.600

0.200

5 years closed

6.450

6.650

0.200

7 years closed

6.850

6.950

0.100

10 years closed

7.200

7.400

0.200

VARIABLE-RATE CLOSED TERM

 

 

 

5 years Variable rate (discount included)

5.750

5.750

0.000

5 years Saver

6.000

6.100

0.100

5 years Capped rate

6.000

6.000

0.000

Information (The telephone number provided below is for the exclusive use of journalists and other media representatives.):

Denis Dubé
Director – Public Relations 
National Bank of Canada
Tel.: (514) 394-8644