Press Releases

National Bank adjusts its mortgage rates

Montreal, 5 July 2006 -

National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of July 6, 2006.

TERM

CURRENT RATE
(%)

NEW RATE
(%)

CHANGE

FIXED-RATE OPEN TERM

 

 

 

6 months open

8.400

8.400

0.000

1 year open

8.750

8.750

0.000

FIXED-RATE CLOSED TERM

 

 

 

3 months closed

6.550

6.550

0.000

6 months closed

6.600

6.600

0.000

1 year closed

6.600

6.600

0.000

2 years closed

6.650

6.650

0.000

3 years closed

6.750

6.800

0.050

4 years closed

6.850

6.950

0.100

5 years closed

6.950

7.050

0.100

7 years closed

7.450

7.550

0.100

10 years closed

7.700

7.800

0.100

VARIABLE-RATE CLOSED TERM

 

 

 

5 years Variable rate (discount included)

5.750

5.750

0.000

5 years Saver

6.200

6.200

0.000

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