NATIONAL BANK OF CANADA
TSX : NA

NATIONAL BANK OF CANADA

November 16, 2006 14:25 ET

National Bank Adjusts its Mortgage Rates

MONTREAL, QUEBEC--(CCNMatthews - Nov. 16, 2006) - National Bank of Canada (TSX:NA) has adjusted its rates for residential mortgages. The new rates are effective as of November 17, 2006.



TERM CURRENT RATE NEW RATE CHANGE
(%) (%)
--------------------------------------------------------
--------------------------------------------------------
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 months 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 6.500 6.500 0.000

3 years closed 6.550 6.500 -0.050

4 years closed 6.550 6.500 -0.050

5 years closed 6.600 6.550 -0.050

7 years closed 6.950 6.900 -0.050

10 years closed 7.300 7.250 -0.050

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


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