Laurentian Bank changes its mortgage rates

MONTREAL, July 6 /CNW Telbec/ - Laurentian Bank has changed its mortgage rates. The changes are as follows:

    
    TERM                                       RATE               VARIATION

    1 year open:                from   6.75%    to    6.70%           -0.05%
    1 year close:               from   3.80%    to    3.70%           -0.10%
    18 month close:             from   3.90%    to    3.85%           -0.05%
    2 year:                     from   4.05%    to    3.95%           -0.10%
    3 year:                     from   4.55%    to    4.45%           -0.10%
    4 year:                     from   5.54%    to    5.44%           -0.10%
    5 year:                     from   5.89%    to    5.79%           -0.10%
    6 year:                     from   6.55%    to    6.45%           -0.10%
    7 year:                     from   6.85%    to    6.75%           -0.10%
    8 year:                     from   6.95%    to    6.85%           -0.10%
    9 year:                     from   6.95%    to    6.85%           -0.10%
    10 year:                    from   7.00%    to    6.90%           -0.10%

    Fixed Rate Special offer :
    --------------------------
    1 year (fixed/closed)       from   2.69%    to    2.59%           -0.10%
    5 Years (fixed/closed)      from   4.49%    to    4.39%           -0.10%
    

These new mortgage rates will be effective as of July 7, 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]