NATIONAL BANK OF CANADA
TSX : NA

NATIONAL BANK OF CANADA

January 17, 2007 12:26 ET

National Bank Adjusts its Mortgage Rates

MONTREAL, QUEBEC--(CCNMatthews - Jan. 17, 2007) - National Bank (TSX:NA) has adjusted its rates for residential mortgages. The new rates are effective as of January 18, 2007.



CURRENT RATE NEW RATE
TERM CHANGE
(%) (%)
-----------------------------------------------------------
-----------------------------------------------------------
FIXED-RATE OPEN TERM
6 months open 8.150 8.250 0.100
1 year open 8.450 8.650 0.200

FIXED-RATE CLOSED
TERM
3 months closed 6.350 6.450 0.100
6 months closed 6.350 6.450 0.100
1 year closed 6.300 6.500 0.200
2 years closed 6.400 6.600 0.200
3 years closed 6.400 6.600 0.200
4 years closed 6.400 6.600 0.200
5 years closed 6.450 6.650 0.200
7 years closed 6.850 6.950 0.100
10 years closed 7.200 7.400 0.200

VARIABLE-RATE CLOSED
TERM
5 years Variable rate (discount
included) 5.750 5.750 0.000
5 years Saver 6.000 6.100 0.100
5 years Capped rate 6.000 6.000 0.000


The telephone number provided below is for the exclusive use of journalists and other media representatives.

Contact Information

  • National Bank of Canada
    Denis Dube
    Director - Public Relations
    514-394-8644