NATIONAL BANK OF CANADA
TSX : NA

NATIONAL BANK OF CANADA

June 03, 2005 16:09 ET

National Bank Adjusts its Mortgage Rates

MONTREAL, QUEBEC--(CCNMatthews - June 3, 2005) - National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of June 6, 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 6.900 -0.100

FIXED-RATE CLOSED TERM
3 month closed 4.850 4.750 -0.100
6 months closed 4.900 4.750 -0.150
1 year closed 4.850 4.750 -0.100
2 years closed 5.200 5.000 -0.200
3 years closed 5.500 5.350 -0.150
4 years closed 5.750 5.600 -0.150
5 years closed 5.850 5.700 -0.150
7 years closed 6.800 6.700 -0.100
10 years closed 7.400 7.300 -0.100

VARIABLE-RATE CLOSED TERM
5 years Variable rate (discount
included) 4.000 4.000 0.000
5 years Saver 4.500 4.400 -0.100
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