NATIONAL BANK OF CANADA
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NATIONAL BANK OF CANADA

July 21, 2005 11:29 ET

National Bank Adjusts its Mortgage Rates

MONTREAL, QUEBEC--(CCNMatthews - July 21, 2005) - National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of July 22, 2005.



TERM CURRENT RATE NEW RATE
(%) (%) CHANGE
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FIXED-RATE OPEN TERM
6 months open 6.600 6.800 0.200
1 year open 6.900 6.950 0.050
FIXED-RATE CLOSED TERM
3 month closed 4.750 4.850 0.100
6 months closed 4.750 5.000 0.250
1 year closed 4.750 4.900 0.150
2 years closed 5.000 5.050 0.050
3 years closed 5.350 5.400 0.050
4 years closed 5.600 5.700 0.100
5 years closed 5.700 5.800 0.100
7 years closed 6.700 6.900 0.200
10 years closed 7.300 7.300 0.000
VARIABLE-RATE CLOSED TERM
5 years Variable rate
(discount included) 4.000 4.000 0.000
5 years Saver 4.400 4.500 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
    Johanne Bissonnette
    Public Relations Department
    (514) 394-6500