NATIONAL BANK OF CANADA
TSX : NA

NATIONAL BANK OF CANADA

October 24, 2006 14:28 ET

National Bank Adjusts its Mortgage Rates

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



TERM CURRENT RATE NEW RATE CHANGE
(%) (%)
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FIXED-RATE OPEN
TERM
6 months open 8.200 8.200 0.000
1 year open 8.550 8.550 0.000

FIXED-RATE CLOSED
TERM
3 month closed 6.350 6.350 0.000
6 months closed 6.400 6.400 0.000
1 year closed 6.400 6.400 0.000
2 years closed 6.450 6.500 0.050
3 years closed 6.500 6.650 0.150
4 years closed 6.500 6.700 0.200
5 years closed 6.600 6.800 0.200
7 years closed 7.150 7.150 0.000
10 years closed 7.400 7.400 0.000

VARIABLE-RATE
CLOSED TERM
5 years Variable
rate (discount
included) 5.750 5.750 0.000
5 years Saver 6.000 6.000 0.000
5 years Capped rate 6.000 6.000 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
    Senior Director - Public Relations
    514-394-8644