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National Bank adjusts its Mortgage rates
Montreal, 16 February 2004 - National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of February 17, 2004.
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TERM
|
CURRENT RATE (%)
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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
|
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FIXED-RATE CLOSED TERM
|
|
|
|
|
3 month closed
|
4.950
|
4.950
|
0.000
|
|
6 months closed
|
5.300
|
5.300
|
0.000
|
|
1 year closed
|
4.400
|
4.400
|
0.000
|
|
2 years closed
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4.800
|
4.800
|
0.000
|
|
3 years closed
|
5.400
|
5.300
|
-0.100
|
|
4 years closed
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5.750
|
5.600
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-0.150
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5 years closed
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6.000
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5.800
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-0.200
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7 years closed
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7.000
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6.750
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-0.250
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10 years closed
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7.600
|
7.500
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-0.100
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VARIABLE-RATE CLOSED TERM
|
|
|
|
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5 years Variable rate (discount included)
|
4.000
|
4.000
|
0.000
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5 years Saver
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4.600
|
4.600
|
0.000
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5 years Capped rate
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4.650
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4.650
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0.000
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Information :
Denis Dubé
Manager
Public Relations Department
National Bank of Canada
514 394-8644
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