Laurentian Bank changes its mortgage rates

MONTREAL, Aug. 4 /CNW Telbec/ - Laurentian Bank has changed its mortgage rates. The changes are as follows:

    
    TERM                                  RATE                     VARIATION

    1 year close:      from 3.70%          to         3.30%         -0.40%
    18 month close:    from 3.85%          to         3.45%         -0.40%
    2 year:            from 3.95%          to         3.65%         -0.30%
    3 year:            from 4.45%          to         4.20%         -0.25%
    4 year:            from 5.44%          to         5.24%         -0.20%
    5 year:            from 5.79%          to         5.59%         -0.20%
    6 year:            from 6.45%          to         6.25%         -0.20%
    7 year:            from 6.75%          to         6.55%         -0.20%
    8 year:            from 6.85%          to         6.65%         -0.20%
    9 year:            from 6.85%          to         6.65%         -0.20%
    10 year:           from 6.90%          to         6.70%         -0.20%
    

These new mortgage rates will be effective as of August 5, 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]