|
National Bank adjusts its mortgage rates
Montreal, 21 November 2001 - National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of November 22, 2001.
|
TERM
|
CURRENT RATE
(%)
|
NEW RATE
(%)
|
CHANGE
|
|
6 months open
|
5.500
|
5.400
|
-0.100
|
|
1 year open
|
5.650
|
5.400
|
-0.250
|
|
3 months Saver
|
4.550
|
4.550
|
0.000
|
|
3 months closed
|
4.900
|
4.900
|
0.000
|
|
6 months closed
|
5.050
|
4.950
|
-0.100
|
|
1 year closed
|
4.850
|
4.600
|
-0.250
|
|
2 years closed
|
5.750
|
5.300
|
-0.450
|
|
3 years closed
|
6.250
|
5.750
|
-0.500
|
|
4 years closed
|
6.750
|
6.550
|
-0.200
|
|
5 years closed
|
7.100
|
6.850
|
-0.250
|
|
7 years closed
|
7.800
|
7.600
|
-0.200
|
|
10 years closed
|
8.300
|
8.150
|
-0.150
|
- 30 -
| Information: |
Carole Gagné
Senior Manager
Public Relations Department
National Bank of Canada
(514) 394-6991
carole.gagne@bnc.ca |
* The telephone number and e-mail address are for the exclusive use of journalists and other media representatives. |
|
