Press Releases

National Bank adjusts its Mortgage rates

Montreal, 18 August 2006 -

National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of August 21, 2006.

TERM

CURRENT RATE
(%)

NEW RATE
(%)

CHANGE

FIXED-RATE OPEN TERM

 

 

 

6 months open

8.400

8.200

-0.200

1 year open

8.750

8.550

-0.200

FIXED-RATE CLOSED TERM

 

 

 

3 month closed

6.450

6.350

-0.100

6 months closed

6.500

6.400

-0.100

1 year closed

6.500

6.400

-0.100

2 years closed

6.550

6.450

-0.100

3 years closed

6.700

6.600

-0.100

4 years closed

6.850

6.750

-0.100

5 years closed

6.950

6.850

-0.100

7 years closed

7.450

7.350

-0.100

10 years closed

7.700

7.600

-0.100

VARIABLE-RATE CLOSED TERM

 

 

 

5 years Variable rate (discount included)

5.750

5.750

0.000

5 years Saver

6.100

6.000

-0.100

5 years Capped rate

6.000

6.000

0.000

 

-30-

 

Information (The telephone number and e-mail address provided below are for the exclusive use of journalists and other media representatives.):

 

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