Press Releases

National Bank adjusts its mortgage rates

Montreal, 16 December 2005 -

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

TERM

CURRENT RATE
(%)

NEW RATE
(%)

CHANGE

FIXED-RATE OPEN TERM

 

 

 

6 months open

7.400

7.550

0.150

1 year open

7.750

7.850

0.100

FIXED-RATE CLOSED TERM

 

 

 

3 months closed

5.700

5.900

0.200

6 months closed

5.700

5.800

0.100

1 year closed

5.600

5.800

0.200

2 years closed

5.650

5.900

0.250

3 years closed

5.750

6.000

0.250

4 years closed

6.100

6.200

0.100

5 years closed

6.150

6.300

0.150

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)

4.750

4.750

0.000

5 years Saver

5.350

5.550

0.200

5 years Capped rate

5.000

5.000

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