|
National Bank adjusts its Mortgage rates
Montreal, 3 December 2004 - National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of December 6, 2004.
|
TERM
|
CURRENT RATE (%)
|
NEW RATE
(%)
|
CHANGE
|
|
FIXED-RATE OPEN TERM
|
|
|
|
|
6 months open
|
6.800
|
6.800
|
0.000
|
|
1 year open
|
7.100
|
7.000
|
-0.100
|
|
FIXED-RATE CLOSED TERM
|
|
|
|
|
3 month closed
|
4.800
|
4.800
|
0.000
|
|
6 months closed
|
5.250
|
5.100
|
-0.150
|
|
1 year closed
|
5.000
|
4.800
|
-0.200
|
|
2 years closed
|
5.400
|
5.150
|
-0.250
|
|
3 years closed
|
5.750
|
5.700
|
-0.050
|
|
4 years closed
|
6.100
|
5.950
|
-0.150
|
|
5 years closed
|
6.300
|
6.150
|
-0.150
|
|
7 years closed
|
7.200
|
7.000
|
-0.200
|
|
10 years closed
|
7.850
|
7.600
|
-0.250
|
|
VARIABLE-RATE CLOSED TERM
|
|
|
|
|
|
4.000
|
4.000
|
0.000
|
|
5 years Saver
|
4.450
|
4.450
|
0.000
|
|
5 years Capped rate
|
4.250
|
4.250
|
0.000
|
Information: (The telephone number and e-mail address provided below are for the exclusive use of journalists and other media representatives.)
Denis Dubé
Manager, Public Relations Department
Tel.: (514) 394-8644
| 
