? Jul 17, 2012 ? 12:46 PM ET
Arlen Redekop photo/ PNG
National Bank dropped its two-year closed rate by two-tenths of a percentage point to 3.35%.
MONTREAL ? National Bank says it has lowered some of its shorter-term fixed residential mortgage rates.
The Montreal-based bank dropped its two-year closed rate by two-tenths of a percentage point to 3.35%.
Its one-year rate was lowered by four-tenths of a percentage point to 3.5%.
The bank?s six-month rate fell more than four-tenths of a percentage point to 4.45%.
The changes come into effect Wednesday.
The Canadian Press
Posted in: Financial Services News, Real Estate? Tags: mortgage rates, National Bank
blog comments powered bySource: http://business.financialpost.com/2012/07/17/national-bank-cuts-short-term-mortgage-rates/
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