Press Releases

National Bank adjusts its mortgage rates

Montreal, 21 July 2005 -

National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of July 22, 2005.

TERM

CURRENT RATE
(%)

NEW RATE 
(%)

CHANGE

FIXED-RATE OPEN TERM

 

 

 

6 months open

6.600

6.800

0.200

1 year open

6.900

6.950

0.050

FIXED-RATE CLOSED TERM

 

 

 

3 month closed

4.750

4.850

0.100

6 months closed

4.750

5.000

0.250

1 year closed

4.750

4.900

0.150

2 years closed

5.000

5.050

0.050

3 years closed

5.350

5.400

0.050

4 years closed

5.600

5.700

0.100

5 years closed

5.700

5.800

0.100

7 years closed

6.700

6.900

0.200

10 years closed

7.300

7.300

0.000

VARIABLE-RATE CLOSED TERM

 

 

 

5 years Variable rate (discount included)

4.000

4.000

0.000

5 years Saver

4.400

4.500

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.):

Johanne Bissonnette
Public Relations Department
National Bank of Canada
Tel.: (514) 394-6500