Press Releases

National Bank adjusts its Mortgage rates

Montreal, 24 March 2005 -

National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of March 28, 2005.

TERM

CURRENT RATE
(%)

NEW RATE 
(%)

CHANGE

FIXED-RATE OPEN TERM

 

 

 

6 months open

6.800

6.950

0.150

1 year open

7.000

7.250

0.250

FIXED-RATE CLOSED TERM

 

 

 

3 month closed

5.000

5.000

0.000

6 months closed

5.100

5.250

0.150

1 year closed

4.800

5.050

0.250

2 years closed

5.150

5.450

0.300

3 years closed

5.600

5.850

0.250

4 years closed

5.850

6.050

0.200

5 years closed

6.050

6.250

0.200

7 years closed

7.000

7.250

0.250

10 years closed

7.600

7.700

0.100

VARIABLE-RATE CLOSED TERM

 

 

 

5 years Variable rate (discount included)

4.000

4.000

0.000

5 years Saver

4.650

4.650

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