NATIONAL BANK OF CANADA
TSX : NA

NATIONAL BANK OF CANADA

May 24, 2006 14:49 ET

National Bank Adjusts its Mortgage Rates

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



CURRENT RATE NEW RATE
TERM (%) (%) CHANGE
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FIXED-RATE OPEN TERM
6 months open 8.050 8.050 0.000
1 year open 8.400 8.400 0.000

FIXED-RATE CLOSED TERM
3 months closed 6.300 6.300 0.000
6 months closed 6.250 6.250 0.000
1 year closed 6.250 6.250 0.000
2 years closed 6.300 6.300 0.000
3 years closed 6.450 6.450 0.000
4 years closed 6.550 6.550 0.000
5 years closed 6.750 6.750 0.000
7 years closed 7.300 7.300 0.000
10 years closed 7.550 7.550 0.000

VARIABLE-RATE CLOSED TERM
5 years Variable rate
(discount included) 5.500 5.750 0.250
5 years Saver 5.950 5.950 0.000
5 years Capped rate 5.750 6.000 0.250


The telephone number provided below is for the exclusive use of journalists and other media representatives.

Contact Information

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