Press Releases

National Bank adjusts its mortgage rates

Montreal, 7 August 2008 -

National Bank has adjusted its rates for residential mortgages, The new rates are effective as of August 8, 2008.

TERM

CURRENT RATE (%)

NEW RATE
(%)

CHANGE

FIXED-RATE OPEN TERM

 

 

 

6 months open

8.400

8.150

-0.250

1 year open

8.800

8.500

-0.300

FIXED-RATE CLOSED TERM

 

 

 

3 months closed

6.500

6.300

-0.200

6 months closed

6.500

6.300

-0.200

1 year closed

6.500

6.300

-0.200

2 years closed

6.650

6.300

-0.350

3 years closed

7.000

6.350

-0.650

4 years closed

7.000

6.700

-0.300

5 years closed

7.000

6.850

-0.150

7 years closed

7.600

7.250

-0.350

10 years closed

7.750

7.450

-0.300

VARIABLE-RATE CLOSED TERM

 

 

 

5 years Variable rate
(discount included)

4.500

4.500

0.000

5 years Saver

6.150

5.950

-0.200

5 years Capped rate

4.750

4.750

0.000

About National Bank of Canada
National Bank of Canada is an integrated group which provides comprehensive financial services to consumers, small and medium-sized enterprises and large corporations in its core market, while offering specialized services to its clients elsewhere in the world. The National Bank offers a full array of banking services, including retail, corporate and investment banking. It is an active player on international capital markets and, through its subsidiaries, is involved in securities brokerage, insurance and wealth management as well as mutual fund and retirement plan management. National Bank has more than $123 billion in assets and, together with its subsidiaries, employs 17,093 people. The Bank’s securities are listed on the Toronto Stock Exchange (NA:TSX). For more information, visit the Bank’s website at www.nbc.ca.

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 Financial Group
Tel.: 514-394-8644