Press Releases

National Bank adjusts its mortgage rates

Montreal, 6 March 2007 -

National Bank has adjusted its rates for residential mortgages. The new rates are effective as of March 7, 2007.

TERM

CURRENT RATE
(%)

NEW RATE
(%)

CHANGE

FIXED-RATE OPEN TERM

 

 

 

6 months open

8.250

8.250

0.000

1 year open

8.650

8.550

-0.100

FIXED-RATE CLOSED TERM

 

 

 

3 months closed

6.450

6.450

0.000

6 months closed

6.450

6.450

0.000

1 year closed

6.500

6.400

-0.100

2 years closed

6.600

6.500

-0.100

3 years closed

6.600

6.500

-0.100

4 years closed

6.600

6.500

-0.100

5 years closed

6.650

6.500

-0.150

7 years closed

6.950

6.750

-0.200

10 years closed

7.400

7.300

-0.100

VARIABLE-RATE CLOSED TERM

 

 

 

5 years Variable rate (discount included)

5.750

5.750

0.000

5 years Saver

6.100

6.100

0.000

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