NATIONAL BANK OF CANADA
TSX : NA

NATIONAL BANK OF CANADA

December 04, 2006 14:28 ET

National Bank Adjusts its Mortgage Rates

MONTREAL, QUEBEC--(CCNMatthews - Dec. 4, 2006) - National Bank of Canada (TSX:NA) has adjusted its rates for residential mortgages. The new rates are effective as of December 5, 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 6.500 6.500 0.000

4 years closed 6.500 6.500 0.000

5 years closed 6.550 6.500 -0.050

7 years closed 6.900 6.900 0.000

10 years closed 7.250 7.250 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


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