Press Releases

National Bank adjusts its mortgage rates

Montreal, 18 October 2005 -

National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of October 19, 2005.

TERM

CURRENT RATE
(%)

NEW RATE
(%)

CHANGE

FIXED-RATE OPEN TERM

 

 

 

6 months open

7.000

7.000

0.000

1 year open

7.200

7.200

0.000

FIXED-RATE CLOSED TERM

 

 

 

3 months closed

5.050

5.050

0.000

6 months closed

5.200

5.200

0.000

1 year closed

5.050

5.050

0.000

2 years closed

5.450

5.450

0.000

3 years closed

5.600

5.600

0.000

4 years closed

5.850

5.850

0.000

5 years closed

5.950

5.950

0.000

7 years closed

6.900

6.900

0.000

10 years closed

7.150

7.150

0.000

VARIABLE-RATE CLOSED TERM

 

 

 

5 years Variable rate (discount included)

4.250

4.500

0.250

5 years Saver

4.700

4.700

0.000

5 years Capped rate

4.500

4.750

0.250

Information (The telephone number provided below is for the exclusive use of journalists and other media representatives.):

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