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National Bank adjusts its mortgage rates

Montreal, 18 September 2001 - 

National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of September 19, 2001.


TERM

CURRENT RATE(%)

NEW RATE
(%)

CHANGE

6 months open

6.700

6.250

-0.450

1 year open

6.700

6.250

-0.450

3 months Saver

5.800

5.300

-0.500

3 months closed

6.150

5.650

-0.500

6 months closed

6.250

5.800

-0.450

1 year closed

5.900

5.450

-0.450

2 years closed

6.550

6.250

-0.300

3 years closed

6.850

6.700

-0.150

4 years closed

7.150

7.000

-0.150

5 years closed

7.300

7.150

-0.150

7 years closed

7.750

7.650

-0.100

10 years closed

8.250

8.250

0.000


 


Information:


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Carole Gagné
Senior Manager
Public Relations Department
National Bank of Canada
(514) 394-6991
carole.gagne@bnc.ca