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National Bank adjusts its Mortgage rate
Montreal, 15 November 2002 - National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of November, 18 2002.
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TERM
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CURRENT RATE (%)
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NEW RATE
(%)
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CHANGE
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FIXED-RATE OPEN TERM
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|
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6 months open
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5.950
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5.950
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0.000
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1 year open
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5.950
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5.950
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0.000
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FIXED-RATE CLOSED TERM
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|
3 month closed
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5.450
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5.450
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0.000
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6 months closed
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5.550
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5.550
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0.000
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1 year closed
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5.100
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4.950
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-0.150
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2 years closed
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5.600
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5.600
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0.000
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3 years closed
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6.000
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6.000
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0.000
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4 years closed
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6.450
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6.450
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0.000
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5 years closed
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6.800
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6.700
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-0.100
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7 years closed
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7.550
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7.550
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0.000
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10 years closed
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8.000
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8.000
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0.000
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VARIABLE-RATE CLOSED TERM
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5 years Variable rate
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4.500
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4.500
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0.000
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5 years Saver
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5.100
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5.100
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0.000
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5 years Capped rate
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4.900
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4.900
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0.000
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-30-
Information :
Denis Dubé
Manager
Public Relations Department
National Bank of Canada
514 394-8644
denis.dube@bnc.ca
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