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National Bank adjusts its mortgage rates
Montreal, 19 October 2005 - National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of October 20, 2005.
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TERM
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CURRENT RATE
(%)
|
NEW RATE
(%)
|
CHANGE
|
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FIXED-RATE OPEN TERM
|
|
|
|
|
6 months open
|
7.000
|
7.100
|
0.100
|
|
1 year open
|
7.200
|
7.350
|
0.150
|
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FIXED-RATE CLOSED TERM
|
|
|
|
|
3 months closed
|
5.050
|
5.350
|
0.300
|
|
6 months closed
|
5.200
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5.400
|
0.200
|
|
1 year closed
|
5.050
|
5.250
|
0.200
|
|
2 years closed
|
5.450
|
5.450
|
0.000
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|
3 years closed
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5.600
|
5.600
|
0.000
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|
4 years closed
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5.850
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5.950
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0.100
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5 years closed
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5.950
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6.000
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0.050
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7 years closed
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6.900
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6.900
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0.000
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10 years closed
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7.150
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7.150
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0.000
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VARIABLE-RATE CLOSED TERM
|
|
|
|
|
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4.500
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4.500
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0.000
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5 years Saver
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4.700
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5.000
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0.300
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5 years Capped rate
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4.750
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4.750
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0.000
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Information (The telephone number provided below is for the exclusive use of journalists and other media representatives.):
Josée Lagacé
Public Relations Department
National Bank of Canada
Tel.: (514) 394-6500
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