Press Releases

National Bank adjusts its mortgage rates

Montreal, 23 August 2005 -

National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of August 24, 2005.

TERM

CURRENT RATE
(%)

NEW RATE 
(%)

CHANGE

FIXED-RATE OPEN TERM

 

 

 

6 months open

6.900

6.900

0.000

1 year open

7.050

7.050

0.000

FIXED-RATE CLOSED TERM

 

 

 

3 month closed

4.950

4.950

0.000

6 months closed

5.050

5.050

0.000

1 year closed

5.000

5.000

0.000

2 years closed

5.250

5.250

0.000

3 years closed

5.500

5.400

-0.100

4 years closed

5.800

5.700

-0.100

5 years closed

5.900

5.800

-0.100

7 years closed

6.900

6.750

-0.150

10 years closed

7.300

7.150

-0.150

VARIABLE-RATE CLOSED TERM

 

 

 

5 years Variable rate (discount included)

4.000

4.000

0.000

5 years Saver

4.600

4.600

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
Director – Public Relations Department
National Bank of Canada
Tel.: (514) 394-8644