NATIONAL BANK OF CANADA
TSX : NA

NATIONAL BANK OF CANADA

April 05, 2006 14:58 ET

National Bank Adjusts its Mortgage Rates

MONTREAL, QUEBEC--(CCNMatthews - April 5, 2006) - National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of April 6, 2006.



TERM CURRENT RATE NEW RATE CHANGE
(%) (%)
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FIXED-RATE OPEN TERM
6 months open 7.850 7.950 0.100
1 year open 8.200 8.300 0.100

FIXED-RATE CLOSED TERM
3 months closed 6.100 6.200 0.100
6 months closed 6.050 6.150 0.100
1 year closed 6.050 6.150 0.100
2 years closed 6.100 6.200 0.100
3 years closed 6.200 6.300 0.100
4 years closed 6.250 6.400 0.150
5 years closed 6.450 6.600 0.150
7 years closed 7.150 7.150 0.000
10 years closed 7.250 7.350 0.100

VARIABLE-RATE CLOSED TERM
5 years Variable rate
(discount included) 5.250 5.250 0.000
5 years Saver 5.750 5.850 0.100
5 years Capped rate 5.500 5.500 0.000


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Contact Information

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