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National Bank adjusts its Mortgage rates
Montreal, 7 January 2004 - National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of January 8, 2003.
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TERM
|
CURRENT RATE (%)
|
NEW RATE
(%)
|
CHANGE
|
|
FIXED-RATE OPEN TERM
|
|
|
6 months open
|
6.600
|
6.600
|
0.000
|
|
1 year open
|
6.550
|
6.550
|
0.000
|
|
FIXED-RATE CLOSED TERM
|
|
|
|
|
3 month closed
|
5.200
|
5.200
|
0.000
|
|
6 months closed
|
5.450
|
5.450
|
0.000
|
|
1 year closed
|
4.750
|
4.750
|
0.000
|
|
2 years closed
|
5.300
|
5.300
|
0.000
|
|
3 years closed
|
5.900
|
5.800
|
-0.100
|
|
4 years closed
|
6.250
|
6.150
|
-0.100
|
|
5 years closed
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6.450
|
6.350
|
-0.100
|
|
7 years closed
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7.550
|
7.350
|
-0.200
|
|
10 years closed
|
7.900
|
7.800
|
-0.100
|
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VARIABLE-RATE CLOSED TERM
|
|
|
|
|
5 years Variable rate (discount included)
|
4.250
|
4.250
|
0.000
|
|
5 years Saver
|
4.850
|
4.850
|
0.000
|
|
5 years Capped rate
|
4.900
|
4.900
|
0.000
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Information :
Denis Dubé
Manager
Public Relations Department
National Bank of Canada
514 394-8644
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