NATIONAL BANK OF CANADA
TSX : NA

NATIONAL BANK OF CANADA

January 24, 2006 14:13 ET

National Bank Adjusts its Mortgage Rates

MONTREAL, QUEBEC--(CCNMatthews - Jan. 24, 2006) - National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of January 25, 2006.



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TERM CURRENT RATE(%) NEW RATE(%) CHANGE
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FIXED-RATE OPEN TERM
6 months open 7.550 7.550 0.000
1 year open 7.850 7.850 0.000

FIXED-RATE CLOSED TERM
3 months closed 5.900 5.900 0.000
6 months closed 5.800 5.800 0.000
1 year closed 5.800 5.800 0.000
2 years closed 5.900 5.900 0.000
3 years closed 6.000 6.000 0.000
4 years closed 6.200 6.200 0.000
5 years closed 6.300 6.300 0.000
7 years closed 7.000 7.000 0.000
10 years closed 7.150 7.150 0.000

VARIABLE-RATE CLOSED TERM
5 years Variable rate
(discount included) 4.750 5.000 0.250
5 years Saver 5.550 5.550 0.000
5 years Capped rate 5.000 5.250 0.250
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Contact Information

  • National Bank of Canada
    Denis Dube
    Director - Public Relations Department
    (514) 394-8644