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National Bank adjusts its mortgage rates
Montreal, 21 July 2005 - National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of July 22, 2005.
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TERM
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CURRENT RATE
(%)
|
NEW RATE
(%)
|
CHANGE
|
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FIXED-RATE OPEN TERM
|
|
|
|
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6 months open
|
6.600
|
6.800
|
0.200
|
|
1 year open
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6.900
|
6.950
|
0.050
|
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FIXED-RATE CLOSED TERM
|
|
|
|
|
3 month closed
|
4.750
|
4.850
|
0.100
|
|
6 months closed
|
4.750
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5.000
|
0.250
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|
1 year closed
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4.750
|
4.900
|
0.150
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2 years closed
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5.000
|
5.050
|
0.050
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3 years closed
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5.350
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5.400
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0.050
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4 years closed
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5.600
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5.700
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0.100
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5 years closed
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5.700
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5.800
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0.100
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7 years closed
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6.700
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6.900
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0.200
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10 years closed
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7.300
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7.300
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0.000
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VARIABLE-RATE CLOSED TERM
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|
|
|
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4.000
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4.000
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0.000
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5 years Saver
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4.400
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4.500
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0.100
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5 years Capped rate
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4.250
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4.250
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0.000
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Information (The telephone number provided below is for the exclusive use of journalists and other media representatives.):
Johanne Bissonnette
Public Relations Department
National Bank of Canada
Tel.: (514) 394-6500
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