|
National Bank adjusts its Mortgage rates
Montréal, 29 January 2004 - National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of January 30, 2004.
|
TERM
|
CURRENT RATE (%)
|
NEW RATE
(%)
|
CHANGE
|
|
FIXED-RATE OPEN TERM
|
|
|
6 months open
|
6.600
|
6.600
|
0.000
|
|
1 year open
|
6.550
|
6.550
|
0.000
|
|
FIXED-RATE CLOSED TERM
|
|
|
|
|
3 month closed
|
4.950
|
4.950
|
0.000
|
|
6 months closed
|
5.300
|
5.300
|
0.000
|
|
1 year closed
|
4.400
|
4.400
|
0.000
|
|
2 years closed
|
4.800
|
4.800
|
0.000
|
|
3 years closed
|
5.500
|
5.400
|
-0.100
|
|
4 years closed
|
5.750
|
5.750
|
0.000
|
|
5 years closed
|
6.050
|
6.000
|
-0.050
|
|
7 years closed
|
7.000
|
7.000
|
0.000
|
|
10 years closed
|
7.600
|
7.600
|
0.000
|
|
VARIABLE-RATE CLOSED TERM
|
|
|
|
|
5 years Variable rate (discount included)
|
4.000
|
4.000
|
0.000
|
|
5 years Saver
|
4.600
|
4.600
|
0.000
|
|
5 years Capped rate
|
4.650
|
4.650
|
0.000
|
Information :
Denis Dubé
Manager
Public Relations Department
National Bank of Canada
514 394-8644
| 
