National Bank adjusts its mortgage rates

Montreal, 3 February 2000 - 

National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of February 4, 2000.

TERM

CURRENT RATE
(%)

NEW RATE
(%)

CHANGE

6 months open

8,000

8,000

0,000

1 year open

8,200

8,200

0,000

3 months Saver

6,400

6,650

0,250

3 months closed

6,750

7,000

0,250

6 months closed

7,550

7,550

0,000

1 year closed

7,600

7,600

0,000

2 years closed

8,100

8,100

0,000

3 years closed

8,300

8,300

0,000

4 years closed

8,450

8,450

0,000

5 years closed

8,550

8,550

0,000

7 years closed

8,800

8,800

0,000

10 years closed

9,100

9,100

0,000



-30-

Renseignements :

Carole Gagné
Senior Manager
National Bank of Canada
(514) 394-6991
carole.gagne@bnc.ca