NATIONAL BANK OF CANADA
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NATIONAL BANK OF CANADA

August 11, 2005 11:35 ET

National Bank Adjusts its Mortgage Rates

MONTREAL, QUEBEC--(CCNMatthews - Aug. 11, 2005) - National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of August 12, 2005.



TERM CURRENT RATE NEW RATE CHANGE
(%) (%)
---------------------------------------------------------------
FIXED-RATE OPEN TERM
6 months open 6.800 6.900 0.100
1 year open 6.950 7.050 0.100

FIXED-RATE CLOSED TERM
3 month closed 4.850 4.950 0.100
6 months closed 5.000 5.050 0.050
1 year closed 4.900 5.000 0.100
2 years closed 5.050 5.250 0.200
3 years closed 5.400 5.500 0.100
4 years closed 5.700 5.800 0.100
5 years closed 5.800 5.900 0.100
7 years closed 6.900 6.900 0.000
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 4.500 4.600 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 Department
    (514) 394-8644