Press Releases

National Bank adjusts its mortgage rates

Montreal, 5 October 2005 -

National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of October 6, 2005.

TERM

CURRENT RATE
(%)

NEW RATE
(%)

CHANGE

FIXED-RATE OPEN TERM

 

 

 

6 months open

6.900

7.000

0.100

1 year open

7.050

7.200

0.150

FIXED-RATE CLOSED TERM

 

 

 

3 months closed

5.050

5.050

0.000

6 months closed

5.050

5.200

0.150

1 year closed

5.050

5.050

0.000

2 years closed

5.250

5.450

0.200

3 years closed

5.400

5.600

0.200

4 years closed

5.700

5.850

0.150

5 years closed

5.800

5.950

0.150

7 years closed

6.750

6.900

0.150

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

4.700

4.700

0.000

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