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National Bank adjusts its mortgage rates
Montreal, 24 January 2006 - National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of January 25, 2006.
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TERM
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CURRENT RATE
(%)
|
NEW RATE
(%)
|
CHANGE
|
|
FIXED-RATE OPEN TERM
|
|
|
|
|
6 months open
|
7.550
|
7.550
|
0.000
|
|
1 year open
|
7.850
|
7.850
|
0.000
|
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FIXED-RATE CLOSED TERM
|
|
|
|
|
3 months closed
|
5.900
|
5.900
|
0.000
|
|
6 months closed
|
5.800
|
5.800
|
0.000
|
|
1 year closed
|
5.800
|
5.800
|
0.000
|
|
2 years closed
|
5.900
|
5.900
|
0.000
|
|
3 years closed
|
6.000
|
6.000
|
0.000
|
|
4 years closed
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6.200
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6.200
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0.000
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5 years closed
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6.300
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6.300
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0.000
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|
7 years closed
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7.000
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7.000
|
0.000
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|
10 years closed
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7.150
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7.150
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0.000
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VARIABLE-RATE CLOSED TERM
|
|
|
|
|
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4.750
|
5.000
|
0.250
|
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5 years Saver
|
5.550
|
5.550
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0.000
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5 years Capped rate
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5.000
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5.250
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0.250
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Information (The telephone number provided below is for the exclusive use of journalists and other media representatives.):
Denis Dubé
Director – Public Relations Department
National Bank of Canada
Tel.: (514) 394-8644
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