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National Bank adjusts its Mortgage rates
Montreal, 24 March 2005 - National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of March 28, 2005.
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TERM
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CURRENT RATE
(%)
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NEW RATE
(%)
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CHANGE
|
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FIXED-RATE OPEN TERM
|
|
|
|
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6 months open
|
6.800
|
6.950
|
0.150
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1 year open
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7.000
|
7.250
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0.250
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FIXED-RATE CLOSED TERM
|
|
|
|
|
3 month closed
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5.000
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5.000
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0.000
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6 months closed
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5.100
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5.250
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0.150
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1 year closed
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4.800
|
5.050
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0.250
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2 years closed
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5.150
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5.450
|
0.300
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3 years closed
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5.600
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5.850
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0.250
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4 years closed
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5.850
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6.050
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0.200
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5 years closed
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6.050
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6.250
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0.200
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7 years closed
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7.000
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7.250
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0.250
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10 years closed
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7.600
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7.700
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0.100
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VARIABLE-RATE CLOSED TERM
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|
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|
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4.000
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4.000
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0.000
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5 years Saver
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4.650
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4.650
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0.000
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5 years Capped rate
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4.250
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4.250
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0.000
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Information: (The telephone number and e-mail address provided below are for the exclusive use of journalists and other media representatives.)
Denis Dubé
Manager, Public Relations Department
Tel.: (514) 394-8644
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