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National Bank adjusts its mortgage rates
Montreal, 17 May 2000 - National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of May 18, 2000.
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TERM
|
CURRENT RATE
(%)
|
NEW RATE
(%)
|
CHANGE
|
|
6 months open
|
8,400
|
8,800
|
0,400
|
|
1 year open
|
8,500
|
8,900
|
0,400
|
|
3 months Saver
|
6,900
|
7,400
|
0,500
|
|
3 months closed
|
7,250
|
7,750
|
0,500
|
|
6 months closed
|
7,950
|
8,350
|
0,400
|
|
1 year closed
|
7,900
|
8,300
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0,400
|
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2 years closed
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8,150
|
8,450
|
0,300
|
|
3 years closed
|
8,350
|
8,550
|
0,200
|
|
4 years closed
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8,500
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8,700
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0,200
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5 years closed
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8,550
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8,750
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0,200
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7 years closed
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8,750
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8,950
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0,200
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10 years closed
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9,000
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9,150
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0,150
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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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