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National Bank adjusts its Mortgage rates
Montreal, 10 May 2004 - National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of May 11, 2004.
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TERM
|
CURRENT RATE (%)
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NEW RATE
(%)
|
CHANGE
|
|
FIXED-RATE OPEN TERM
|
|
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6 months open
|
6,600
|
6,600
|
0,000
|
|
1 year open
|
6,650
|
6,650
|
0,000
|
|
FIXED-RATE CLOSED TERM
|
|
|
|
|
3 month closed
|
4,400
|
4,400
|
0,000
|
|
6 months closed
|
5,150
|
5,150
|
0,000
|
|
1 year closed
|
4,450
|
4,450
|
0,000
|
|
2 years closed
|
4,900
|
5,100
|
0,200
|
|
3 years closed
|
5,500
|
5,750
|
0,250
|
|
4 years closed
|
5,950
|
6,100
|
0,150
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5 years closed
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6,150
|
6,400
|
0,250
|
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7 years closed
|
7,250
|
7,400
|
0,150
|
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10 years closed
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7,950
|
8,050
|
0,100
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VARIABLE-RATE CLOSED TERM
|
|
|
|
|
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3,500
|
3,500
|
0,000
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5 years Saver
|
4,050
|
4,050
|
0,000
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5 years Capped rate
|
4,150
|
4,150
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0,000
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Information :
Denis Dubé
Manager
Public Relations Department
National Bank of Canada
Telephone: (514) 394-8644
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