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National Bank adjusts its mortgage rates

Montreal, 24 December 2001 - 

National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of December 27, 2001.

 

TERM

CURRENT RATE
(%)

NEW RATE
(%)

CHANGE

6 months open

5.400

5.400

0.000

1 year open

5.400

5.400

0.000

3 months Saver

4.050

4.050

0.000

3 months closed

4.400

4.400

0.000

6 months closed

4.950

4.950

0.000

1 year closed

4.600

4.600

0.000

2 years closed

5.700

5.300

-0.400

3 years closed

6.150

5.750

-0.400

4 years closed

6.800

6.550

-0.250

5 years closed

7.100

6.850

-0.250

7 years closed

7.850

7.600

-0.250

10 years closed

8.400

8.150

-0.250


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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.