National Bank Financial Group Adjusts Residential Mortgage Rates
- Monday, October 19, 2009, 7:04
- Carousel, Finance, Mortgages, News
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National Bank Financial Group has once again adjusted its rates for residential mortgages. The new rates are effective as of October 19th 2009.
The new rates for residential mortgages are as follows:
| TERM |
CURRENT RATE (%) |
NEW RATE (%) |
CHANGE |
| FIXED-RATE OPEN TERM |
|
|
|
| 6 months open |
7.000 |
7.000 |
0.000 |
| 1 year open |
7.250 |
7.250 |
0.000 |
| FIXED-RATE CLOSED TERM |
|
|
|
| 3 months closed |
3.750 |
3.750 |
0.000 |
| 6 months closed |
3.750 |
3.750 |
0.000 |
| 1 year closed |
3.750 |
3.750 |
0.000 |
| 2 years closed |
3.950 |
3.950 |
0.000 |
| 3 years closed |
4.450 |
4.450 |
0.000 |
| 4 years closed |
5.290 |
5.290 |
0.000 |
| 5 years closed |
5.840 |
5.840 |
0.000 |
| 7 years closed |
6.600 |
6.600 |
0.000 |
| 10 years closed |
6.950 |
6.950 |
0.000 |
| VARIABLE-RATE CLOSED TERM |
|
|
|
| 5 years Variable rate (discount included) |
2.550 |
2.250 |
-0.300 |
| 5 years Saver |
3.400 |
3.400 |
0.000 |
| 5 years Capped rate |
2.900 |
2.900 |
0.000 |
| Capped rate |
5.840 |
5.840 |
0.000 |
Although an entire table is here for residential mortgages, you will notice that there is only one adjustment made. That is to the Variable Rate Closed Term – 5 years Variable Rate.
The change was a decrease of 0.300% making the new rate 2.250%.
As it stands, this is National Bank Financial Groups 3rd residential mortgage rate to decrease this month, with the first decreases made on October 5th.
Do not miss you opportunities to secure a low mortgage rate before they increase to an unattractive rate.
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