Press Releases

National Bank adjusts its Mortgage rates

Montreal, 3 June 2005 -

National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of June 6, 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

6.900

-0.100

FIXED-RATE CLOSED TERM

 

 

 

3 month closed

4.850

4.750

-0.100

6 months closed

4.900

4.750

-0.150

1 year closed

4.850

4.750

-0.100

2 years closed

5.200

5.000

-0.200

3 years closed

5.500

5.350

-0.150

4 years closed

5.750

5.600

-0.150

5 years closed

5.850

5.700

-0.150

7 years closed

6.800

6.700

-0.100

10 years closed

7.400

7.300

-0.100

VARIABLE-RATE CLOSED TERM

 

 

 

5 years Variable rate (discount included)

4.000

4.000

0.000

5 years Saver

4.500

4.400

-0.100

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