NATIONAL BANK OF CANADA
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NATIONAL BANK OF CANADA

October 05, 2005 15:00 ET

National Bank Adjusts its Mortgage Rates

MONTREAL, QUEBEC--(CCNMatthews - Oct. 5, 2005) - National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of October 6, 2005.



TERM CURRENT RATE NEW RATE CHANGE
(%) (%)
--------------------------------------------------------------------
FIXED-RATE OPEN TERM
6 months open 6.900 7.000 0.100
1 year open 7.050 7.200 0.150

FIXED-RATE CLOSED TERM
3 months closed 5.050 5.050 0.000
6 months closed 5.050 5.200 0.150
1 year closed 5.050 5.050 0.000
2 years closed 5.250 5.450 0.200
3 years closed 5.400 5.600 0.200
4 years closed 5.700 5.850 0.150
5 years closed 5.800 5.950 0.150
7 years closed 6.750 6.900 0.150
10 years closed 7.150 7.150 0.000

VARIABLE-RATE CLOSED TERM
5 years Variable rate
(discount included) 4.250 4.250 0.000
5 years Saver 4.700 4.700 0.000
5 years Capped rate 4.500 4.500 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
    (514) 394-8644