Press Releases

National Bank adjusts its Mortgage rates

Montreal, 27 May 2005 -

National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of May 30, 2005.

TERM

CURRENT RATE
(%)

NEW RATE
(%)

CHANGE

FIXED-RATE OPEN TERM

 

 

 

6 months open

6.600

6.600

0.000

1 year open

7.000

7.000

0.000

FIXED-RATE CLOSED TERM

 

 

 

3 month closed

4.850

4.850

0.000

6 months closed

4.900

4.900

0.000

1 year closed

4.850

4.850

0.000

2 years closed

5.200

5.200

0.000

3 years closed

5.500

5.500

0.000

4 years closed

5.750

5.750

0.000

5 years closed

5.900

5.850

-0.050

7 years closed

6.800

6.800

0.000

10 years closed

7.400

7.400

0.000

VARIABLE-RATE CLOSED TERM

 

 

 

5 years Variable rate (discount included)

4.000

4.000

0.000

5 years Saver

4.500

4.500

0.000

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
National Bank of Canada
Tel.: (514) 394-8644