Press Releases

National Bank adjusts its Mortgage rates

Montreal, 14 April 2005 -

National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of April 15, 2005.

TERM

CURRENT RATE (%)

NEW RATE
(%)

CHANGE

FIXED-RATE OPEN TERM

 

 

 

6 months open

6.950

6.700

-0.250

1 year open

7.250

7.100

-0.150

FIXED-RATE CLOSED TERM

 

 

 

3 month closed

5.000

4.850

-0.150

6 months closed

5.250

4.950

-0.300

1 year closed

5.050

4.900

-0.150

2 years closed

5.450

5.250

-0.200

3 years closed

5.850

5.600

-0.250

4 years closed

6.050

5.850

-0.200

5 years closed

6.250

6.050

-0.200

7 years closed

7.250

7.000

-0.250

10 years closed

7.700

7.500

-0.200

VARIABLE-RATE CLOSED TERM

 

 

 

5 years Variable rate (discount included)

4.000

4.000

0.000

5 years Saver

4.650

4.500

-0.150

5 years Capped rate

4.250

4.250

0.000

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

Denis Dubé
Manager, Public Relations Department
Tel.: (514) 394-8644