Press Releases

National Bank adjusts its mortgage rates

Montreal, 27 September 2005 -

National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of September 28, 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 months closed

4.950

5.050

0.100

6 months closed

5.050

5.050

0.000

1 year closed

5.000

5.050

0.050

2 years closed

5.250

5.250

0.000

3 years closed

5.400

5.400

0.000

4 years closed

5.700

5.700

0.000

5 years closed

5.800

5.800

0.000

7 years closed

6.750

6.750

0.000

10 years closed

7.150

7.150

0.000

VARIABLE-RATE CLOSED TERM

 

 

 

5 years Variable rate (discount included)

4.250

4.250

0.000

5 years Saver

4.600

4.700

0.100

5 years Capped rate

4.500

4.500

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