NATIONAL BANK OF CANADA
TSX : NA

NATIONAL BANK OF CANADA

April 03, 2007 15:24 ET

National Bank Adjusts its Mortgage Rates

MONTREAL, QUEBEC--(CCNMatthews - April 3, 2007) - National Bank (TSX:NA) has adjusted its rates for residential mortgages. The new rates are effective as of April 4, 2007.



TERM CURRENT RATE NEW RATE CHANGE
(%) (%)
----------------------------------------------------------------
----------------------------------------------------------------
FIXED-RATE OPEN TERM
6 months open 8.250 8.250 0.000
1 year open 8.550 8.550 0.000

FIXED-RATE CLOSED TERM
3 months closed 6.450 6.450 0.000
6 months closed 6.450 6.450 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 6.500 6.450 -0.050
7 years closed 6.750 6.750 0.000
10 years closed 7.300 7.300 0.000

VARIABLE-RATE CLOSED TERM
5 years Variable rate
(discount included) 5.750 5.750 0.000
5 years Saver 6.100 6.100 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
    Louis Garneau
    Public Relations
    514-394-6500