Laurentian Bank changes its mortgage rates

MONTREAL, April 27 /CNW Telbec/ - Laurentian Bank has changed its mortgage rates. The changes are as follows:

    
    TERM                                      RATE                VARIATION

    6 month open:           from     6.70%     to      6.85%        0.15%
    6 month close:          from     3.95%     to      3.95%        0.00%
    6 month convertible:    from     5.25%     to      5.40%        0.15%
    1 year open:            from     6.80%     to      6.95%        0.15%
    1 year close:           from     3.65%     to      3.90%        0.25%
    18 month close:         from     3.80%     to      4.00%        0.20%
    2 year:                 from     4.00%     to      4.15%        0.15%
    3 year:                 from     4.60%     to      4.75%        0.15%
    4 year:                 from     5.59%     to      5.74%        0.15%
    5 year:                 from     6.10%     to      6.25%        0.15%
    6 year:                 from     6.50%     to      6.65%        0.15%
    7 year:                 from     6.85%     to      7.00%        0.15%
    8 year:                 from     6.95%     to      7.10%        0.15%
    9 year:                 from     6.95%     to      7.10%        0.15%
    10 year:                from     7.00%     to      7.15%        0.15%

    Fixed Rate Special offer :
    --------------------------
    18-month (fixed/closed) from     2.99%     to      3.14%        0.15%
    5 Years (fixed/closed)  from     4.70%     to      4.85%        0.15%
    7 Years (fixed/closed)  from     5.49%     to      5.64%        0.15%
    

These new mortgage rates will be effective as of April 28, 2010.

For further information: Gladys Caron, Vice President, Public Affairs and Communications, Laurentian Bank of Canada, [phone], extension 7511, Cellular: [phone], [email protected]