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        6.85%  to  6.55%       -0.30%
    6 month convertible:        from        6.00%  to  5.75%       -0.25%
    6 month close:              from        4.35%  to  4.35%        0.00%
    1 year open:                from        7.30%  to  7.00%       -0.30%
    1 year close:               from        4.25%  to  3.90%       -0.35%
    18 month close:             from        4.30%  to  3.95%       -0.35%
    2 year:                     from        4.45%  to  4.05%       -0.40%
    3 year:                     from        4.75%  to  4.45%       -0.30%
    4 year:                     from        5.20%  to  4.90%       -0.30%
    5 year:                     from        5.45%  to  5.25%       -0.20%
    6 year:                     from        6.50%  to  6.30%       -0.20%
    7 year:                     from        6.80%  to  6.60%       -0.20%
    8 year:                     from        6.90%  to  6.70%       -0.20%
    9 year:                     from        6.90%  to  6.70%       -0.20%
    10 year:                    from        6.95%  to  6.75%       -0.20%

    Fixed Rate Special offer:
    -------------------------
    18-month (fixed/closed)     from        3.39%  to  3.19%       -0.20%
    5 Years (fixed/closed)      from        4.14%  to  3.99%       -0.15%

    These new mortgage rates will be effective as of April 28, 2009.
    




For further information:

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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