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National Bank adjusts its mortgage rates

Montreal, 19 November 2001 - 

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

 

TERM

CURRENT RATE
(%)

NEW RATE
(%)

CHANGE

6 months open

5.350

5.500

0.150

1 year open

5.300

5.650

0.350

3 months Saver

4.550

4.550

0.000

3 months closed

4.900

4.900

0.000

6 months closed

4.900

5.050

0.150

1 year closed

4.500

4.850

0.350

2 years closed

5.100

5.750

0.650

3 years closed

5.600

6.250

0.650

4 years closed

6.100

6.750

0.650

5 years closed

6.450

7.100

0.650

7 years closed

7.200

7.800

0.600

10 years closed

7.750

8.300

0.550


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Information: Carole Gagné
Senior Manager
Public Relations Department
National Bank of Canada
(514) 394-6991
carole.gagne@bnc.ca
* The telephone number and e-mail address are for the exclusive use of journalists and other media representatives.