Press Releases

National Bank adjusts its mortgage rates

Montreal, 21 April 2006 -

National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of April 24, 2006.

TERM

CURRENT RATE
(%)

NEW RATE
(%)

CHANGE

FIXED-RATE OPEN TERM

 

 

 

6 months open

7.950

8.050

0.100

1 year open

8.300

8.400

0.100

FIXED-RATE CLOSED TERM

 

 

 

3 months closed

6.200

6.300

0.100

6 months closed

6.150

6.250

0.100

1 year closed

6.150

6.250

0.100

2 years closed

6.200

6.300

0.100

3 years closed

6.300

6.450

0.150

4 years closed

6.400

6.550

0.150

5 years closed

6.600

6.750

0.150

7 years closed

7.150

7.300

0.150

10 years closed

7.350

7.550

0.200

VARIABLE-RATE CLOSED TERM

 

 

 

5 years Variable rate (discount included)

5.250

5.250

0.000

5 years Saver

5.850

5.950

0.100

5 years Capped rate

5.500

5.500

0.000

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

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