NATIONAL BANK OF CANADA
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NATIONAL BANK OF CANADA

October 19, 2005 15:30 ET

National Bank Adjusts its Mortgage Rates

MONTREAL, QUEBEC--(CCNMatthews - Oct. 19, 2005) - National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of October 20, 2005.



TERM CURRENT RATE NEW RATE CHANGE
(%) (%)
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FIXED-RATE OPEN TERM
6 months open 7.000 7.100 0.100
1 year open 7.200 7.350 0.150

FIXED-RATE CLOSED TERM
3 months closed 5.050 5.350 0.300
6 months closed 5.200 5.400 0.200
1 year closed 5.050 5.250 0.200
2 years closed 5.450 5.450 0.000
3 years closed 5.600 5.600 0.000
4 years closed 5.850 5.950 0.100
5 years closed 5.950 6.000 0.050
7 years closed 6.900 6.900 0.000
10 years closed 7.150 7.150 0.000

VARIABLE-RATE CLOSED TERM
5 years Variable rate
(discount included) 4.500 4.500 0.000
5 years Saver 4.700 5.000 0.300
5 years Capped rate 4.750 4.750 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
    Josee Lagace
    Public Relations Department
    (514) 394-6500