Laurentian Bank changes its mortgage rates

MONTREAL, June 25 /CNW Telbec/ - Laurentian Bank has changed its mortgage rates. The changes are as follows:

    
    TERM                                          RATE             VARIATION

    1 year open:                   from   6.95%    to    6.85%       -0.10%
    1 year close:                  from   3.90%    to    3.80%       -0.10%
    18 month close:                from   4.00%    to    3.90%       -0.10%
    2 year:                        from   4.15%    to    4.05%       -0.10%
    3 year:                        from   4.65%    to    4.55%       -0.10%
    4 year:                        from   5.64%    to    5.54%       -0.10%
    5 year:                        from   5.99%    to    5.89%       -0.10%
    6 year:                        from   6.65%    to    6.55%       -0.10%
    7 year:                        from   6.95%    to    6.85%       -0.10%
    8 year:                        from   7.05%    to    6.95%       -0.10%
    9 year:                        from   7.05%    to    6.95%       -0.10%
    10 year:                       from   7.10%    to    7.00%       -0.10%

    Fixed Rate Special offer :
    ----------------------------
    5 Years (fixed/closed)         from   4.59%    to    4.49%       -0.10%
    

These new mortgage rates will be effective as of June 26, 2010.

For further information: Gladys Caron, Vice President, Public Affairs and Communications, Laurentian Bank of Canada, Office: 514 284-4500, extension 7511, Cellular: 514 893-3963, [email protected]