LAURENTIAN BANK CHANGES ITS MORTGAGE RATES

MONTREAL, Feb. 8 /CNW Telbec/ - Laurentian Bank has changed its mortgage rates. The changes are as follows:

TERM           RATE            VARIATION 
 
6 month open:   from   6.70%   to   6.70%       0.00%
6 month close:   from   3.95%   to   3.95%       0.00%
6 month convertible:   from   5.40%   to   5.40%       0.00%
1 year open:   from   6.70%   to   6.70%       0.00%
1 year close:   from   3.35%   to   3.50%   +   0.15%
18 month close:   from   3.50%   to   3.65%   +   0.15%
2 year:   from   3.60%   to   3.75%   +   0.15%
3 year:   from   4.15%   to   4.35%   +   0.20%
4 year:   from   4.94%   to   5.14%   +   0.20%
5 year:   from   5.19%   to   5.44%   +   0.25%
6 year:   from   6.05%   to   6.30%   +   0.25%
7 year:   from   6.35%   to   6.60%   +   0.25%
8 year:   from   6.45%   to   6.70%   +   0.25%
9 year:   from   6.45%   to   6.70%   +   0.25%
10 year:   from   6.50%   to   6.75%   +   0.25%
 
Fixed Rate Special offer :                           
1 year (fixed/closed)   from   3.04%   to   3.19%   +   0.15%
5 Years (fixed/closed)   from   4.19%   to   4.39%   +   0.20%

These new mortgage rates will be effective as of February 9, 2011.

SOURCE LAURENTIAN BANK OF CANADA

For further information:

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

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LAURENTIAN BANK OF CANADA

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