Press Releases

National Bank adjusts its mortgage rates

Montreal, 24 November 2005 -

National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of November 25, 2005.

TERM

CURRENT RATE
(%)

NEW RATE
(%)

CHANGE

FIXED-RATE OPEN TERM

 

 

 

6 months open

7.200

7.400

0.200

1 year open

7.550

7.750

0.200

FIXED-RATE CLOSED TERM

 

 

 

3 months closed

5.500

5.700

0.200

6 months closed

5.500

5.700

0.200

1 year closed

5.400

5.600

0.200

2 years closed

5.600

5.650

0.050

3 years closed

5.750

5.750

0.000

4 years closed

6.100

6.100

0.000

5 years closed

6.150

6.150

0.000

7 years closed

7.000

7.000

0.000

10 years closed

7.150

7.150

0.000

VARIABLE-RATE CLOSED TERM

 

 

 

5 years Variable rate (discount included)

4.500

4.500

0.000

5 years Saver

5.150

5.350

0.200

5 years Capped rate

4.750

4.750

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