Press Releases

National Bank adjusts its mortgage rates

Montreal, 15 June 2006 -

National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of June 16, 2006.

TERM

CURRENT RATE
(%)

NEW RATE
(%)

CHANGE

FIXED-RATE OPEN TERM

 

 

 

6 months open

8.200

8.300

0.100

1 year open

8.500

8.650

0.150

FIXED-RATE CLOSED TERM

 

 

 

3 months closed

6.400

6.450

0.050

6 months closed

6.400

6.500

0.100

1 year closed

6.350

6.500

0.150

2 years closed

6.350

6.500

0.150

3 years closed

6.450

6.550

0.100

4 years closed

6.550

6.550

0.000

5 years closed

6.750

6.750

0.000

7 years closed

7.300

7.300

0.000

10 years closed

7.550

7.550

0.000

VARIABLE-RATE CLOSED TERM

 

 

 

5 years Variable rate (discount included)

5.750

5.750

0.000

5 years Saver

6.050

6.100

0.050

5 years Capped rate

6.000

6.000

0.000

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

Denis Dubé
Senior Director – Public Relations
National Bank of Canada
Tel.: (514) 394-8644