|
National Bank adjusts its mortgage rates
Montreal, 18 October 2002 - National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of October 21, 2002.
|
TERM
|
CURRENT RATE (%)
|
NEW RATE(%)
|
CHANGE
|
|
FIXED-RATE OPEN TERM
|
|
|
|
|
6 months open
|
6.100
|
6.150
|
+ 0.050
|
|
1 year open
|
6.100
|
6.150
|
+ 0.050
|
|
FIXED-RATE CLOSED TERM
|
|
3 month closed
|
5.400
|
5.700
|
+ 0.300
|
|
6 months closed
|
5.550
|
5.750
|
+ 0.200
|
|
1 year closed
|
5.300
|
5.300
|
0.000
|
|
2 years closed
|
5.700
|
5.800
|
+0.100
|
|
3 years closed
|
6.050
|
6.200
|
+ 0.150
|
|
4 years closed
|
6.500
|
6.650
|
+0.150
|
|
5 years closed
|
6.700
|
7.000
|
+ 0.300
|
|
7 years closed
|
7.400
|
7.750
|
+ 0.350
|
|
10 years closed
|
8.000
|
8.200
|
+ 0.200
|
|
VARIABLE-RATE CLOSED TERM
|
|
5 years Variable rate
|
4. 500
|
4.500
|
0.000
|
|
5 years Saver
|
5.050
|
5.350
|
+ 0.300
|
|
5 years Capped rate
|
4.900
|
4.900
|
0.000
|
30-
Information:
|
Denis Dubé
Director of Public Relations
National Bank of Canada
Tel.: (514) 394-8644
E-mail: denis.dube@bnc.ca
|
* the following telephone number and e-mail address are intended solely for the use of journalists and other media representatives |
|
