Laurentian Bank changes its mortgage rates

• Press Release
• Source: LAURENTIAN BANK OF CANADA
• On 3:58 pm EDT, Wednesday October 14, 2009

MONTREAL, Oct. 14 /CNW Telbec/ - Laurentian Bank has changed its mortgage rates. The changes are as follows:

	    TERM                                      RATE                 VARIATION

	    6 month open:               from   6.35%    to    6.45%           + 0.10%
	    6 month close:              from   3.75%    to    3.85%           + 0.10%
	    6 month convertible:        from   5.15%    to    5.25%           + 0.10%
	    1 year open:                from   6.80%    to    6.80%             0.00%
	    1 year close:               from   3.70%    to    3.80%           + 0.10%
	    18 month close:             from   3.80%    to    3.90%           + 0.10%
	    2 year:                     from   3.85%    to    3.95%           + 0.10%
	    3 year:                     from   4.35%    to    4.65%           + 0.30%
	    4 year:                     from   4.95%    to    5.30%           + 0.35%
	    5 year:                     from   5.50%    to    5.85%           + 0.35%
	    6 year:                     from   6.30%    to    6.50%           + 0.20%
	    7 year:                     from   6.60%    to    6.80%           + 0.20%
	    8 year:                     from   6.70%    to    6.90%           + 0.20%
	    9 year:                     from   6.70%    to    6.90%           + 0.20%
	    10 year:                    from   6.75%    to    6.95%           + 0.20%

	    Fixed Rate Special offer :
	    --------------------------

	    18-month (fixed/closed)     from   2.99%    to    3.09%           + 0.10%
	    5 Years (fixed/closed)      from   4.44%    to    4.74%           + 0.30%
	    7 Years (fixed/closed)      from   5.24%    to    5.44%           + 0.20%

	    These new mortgage rates will be effective as of October 15, 2009.
	    

For further information

Gladys Caron, Vice President, Public Affairs and Communications, Laurentian Bank of Canada, (514) 284-4500, extension 7511, Cellular: (514) 893-3963, gladys.caron@banquelaurentienne.ca

Buzz up!