NATIONAL BANK OF CANADA
TSX : NA

NATIONAL BANK OF CANADA

December 11, 2006 14:00 ET

National Bank Adjusts its Mortgage Rates

MONTREAL, QUEBEC--(CCNMatthews - Dec. 11, 2006) - National Bank of Canada (TSX:NA) has adjusted its rates for residential mortgages. The new rates are effective as of December 12, 2006.



TERM CURRENT RATE NEW RATE
(%) (%) CHANGE
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FIXED-RATE OPEN TERM
6 months open 8.200 8.150 (0.050)
1 year open 8.550 8.450 (0.100)

FIXED-RATE CLOSED TERM
3 months closed 6.350 6.350 0.000
6 months closed 6.400 6.350 (0.050)
1 year closed 6.400 6.300 (0.100)
2 years closed 6.500 6.400 (0.100)
3 years closed 6.500 6.400 (0.100)
4 years closed 6.500 6.400 (0.100)
5 years closed 6.500 6.450 (0.050)
7 years closed 6.900 6.850 (0.050)
10 years closed 7.250 7.200 (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