NATIONAL BANK OF CANADA
TSX : NA

NATIONAL BANK OF CANADA

May 27, 2005 12:25 ET

National Bank Adjusts its Mortgage Rates

MONTREAL, QUEBEC--(CCNMatthews - May 27, 2005) - National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of May 30, 2005.



TERM CURRENT RATE NEW RATE CHANGE
(%) (%)
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FIXED-RATE OPEN TERM
6 months open 6.600 6.600 0.000
1 year open 7.000 7.000 0.000

FIXED-RATE CLOSED TERM
3 month closed 4.850 4.850 0.000
6 months closed 4.900 4.900 0.000
1 year closed 4.850 4.850 0.000
2 years closed 5.200 5.200 0.000
3 years closed 5.500 5.500 0.000
4 years closed 5.750 5.750 0.000
5 years closed 5.900 5.850 -0.050
7 years closed 6.800 6.800 0.000
10 years closed 7.400 7.400 0.000

VARIABLE-RATE CLOSED TERM
5 years Variable rate
(discount included) 4.000 4.000 0.000
5 years Saver 4.500 4.500 0.000
5 years Capped rate 4.250 4.250 0.000


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

Contact Information

  • National Bank of Canada
    Denis Dube
    Manager, Public Relations
    (514) 394-8644