NATIONAL BANK OF CANADA
TSX : NA

NATIONAL BANK OF CANADA

November 01, 2005 13:51 ET

National Bank Adjusts its Mortgage Rates

MONTREAL, QUEBEC--(CCNMatthews - Nov. 1, 2005) - National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of November 2, 2005.



TERM CURRENT RATE NEW RATE CHANGE
(%) (%)
------------------------------------------------------------
------------------------------------------------------------
FIXED-RATE OPEN TERM
6 months open 7.100 7.200 0.100
1 year open 7.350 7.550 0.200

FIXED-RATE CLOSED TERM
3 months closed 5.350 5.500 0.150
6 months closed 5.400 5.500 0.100
1 year closed 5.250 5.400 0.150
2 years closed 5.450 5.600 0.150
3 years closed 5.600 5.750 0.150
4 years closed 5.950 6.100 0.150
5 years closed 6.000 6.150 0.150
7 years closed 6.900 7.000 0.100
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 5.000 5.150 0.150
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
    Denis Dube
    Director - Public Relations Department
    (514) 394-8644