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National Bank adjusts its mortgage rates
Montreal, 28 April 2000 - National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of May 1st, 2000.
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TERM
|
CURRENT RATE
(%)
|
NEW RATE
(%)
|
CHANGE
|
|
6 months open
|
8,200
|
8,400
|
0,200
|
|
1 year open
|
8,300
|
8,500
|
0,200
|
|
3 months Saver
|
6,900
|
6,900
|
0,000
|
|
3 months closed
|
7,250
|
7,250
|
0,000
|
|
6 months closed
|
7,750
|
7,950
|
0,200
|
|
1 year closed
|
7,700
|
7,900
|
0,200
|
|
2 years closed
|
7,950
|
8,150
|
0,200
|
|
3 years closed
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8,150
|
8,350
|
0,200
|
|
4 years closed
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8,300
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8,500
|
0,200
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5 years closed
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8,350
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8,550
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0,200
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|
7 years closed
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8,600
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8,750
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0,150
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10 years closed
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8,900
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9,000
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0,100
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-30-
Information :
Jean Robillard
Media Relations and Financial Communications Officer
Public Relations Department
National Bank of Canada
(514) 394-6990
jean.robillard@bnc.ca
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