NATIONAL BANK OF CANADA
TSX : NA

NATIONAL BANK OF CANADA

August 23, 2005 13:51 ET

National Bank Adjusts its Mortgage Rates

MONTREAL, QUEBEC--(CCNMatthews - Aug. 23, 2005) - National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of August 24, 2005.



CURRENT RATE NEW RATE
TERM (%) (%) CHANGE
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FIXED-RATE OPEN TERM
6 months open 6.900 6.900 0.000
1 year open 7.050 7.050 0.000

FIXED-RATE CLOSED TERM
3 month closed 4.950 4.950 0.000
6 months closed 5.050 5.050 0.000
1 year closed 5.000 5.000 0.000
2 years closed 5.250 5.250 0.000
3 years closed 5.500 5.400 -0.100
4 years closed 5.800 5.700 -0.100
5 years closed 5.900 5.800 -0.100
7 years closed 6.900 6.750 -0.150
10 years closed 7.300 7.150 -0.150

VARIABLE-RATE CLOSED TERM
5 years Variable rate
(discount included) 4.000 4.000 0.000
5 years Saver 4.600 4.600 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
    Director - Public Relations Department
    (514) 394-8644