|
National Bank adjusts its mortgage rates
Montreal, 6 November 2001 - National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of November 7, 2001.
|
TERM
|
CURRENT RATE
(%)
|
NEW RATE
(%)
|
CHANGE
|
|
6 months open
|
5.700
|
5.600
|
-0.100
|
|
1 year open
|
5.700
|
5.550
|
-0.150
|
|
3 months Saver
|
4.550
|
4.550
|
0.000
|
|
3 months closed
|
4.900
|
4.900
|
0.000
|
|
6 months closed
|
5.250
|
5.150
|
-0.100
|
|
1 year closed
|
4.900
|
4.750
|
-0.150
|
|
2 years closed
|
5.700
|
5.400
|
-0.300
|
|
3 years closed
|
6.150
|
5.850
|
-0.300
|
|
4 years closed
|
6.600
|
6.300
|
-0.300
|
|
5 years closed
|
6.900
|
6.700
|
-0.200
|
|
7 years closed
|
7.650
|
7.400
|
-0.250
|
|
10 years closed
|
8.250
|
7.950
|
-0.300
|
- 30 -
| Information: |
Carole Gagné
Senior Manager
Public Relations Department
National Bank of Canada
(514) 394-6991
carole.gagne@bnc.ca |
* The telephone number and e-mail address are for the exclusive use of journalists and other media representatives. |
|
