Laurentian Bank changes its mortgage rates

MONTREAL , Oct. 14 /CNW Telbec/ - Laurentian Bank has changed its mortgage rates. The changes are as follows:

    
    TERM                                      RATE                 VARIATION

    6 month open:               from   6.35%    to    6.45%           + 0.10%
    6 month close:              from   3.75%    to    3.85%           + 0.10%
    6 month convertible:        from   5.15%    to    5.25%           + 0.10%
    1 year open:                from   6.80%    to    6.80%             0.00%
    1 year close:               from   3.70%    to    3.80%           + 0.10%
    18 month close:             from   3.80%    to    3.90%           + 0.10%
    2 year:                     from   3.85%    to    3.95%           + 0.10%
    3 year:                     from   4.35%    to    4.65%           + 0.30%
    4 year:                     from   4.95%    to    5.30%           + 0.35%
    5 year:                     from   5.50%    to    5.85%           + 0.35%
    6 year:                     from   6.30%    to    6.50%           + 0.20%
    7 year:                     from   6.60%    to    6.80%           + 0.20%
    8 year:                     from   6.70%    to    6.90%           + 0.20%
    9 year:                     from   6.70%    to    6.90%           + 0.20%
    10 year:                    from   6.75%    to    6.95%           + 0.20%

    Fixed Rate Special offer :
    --------------------------

    18-month (fixed/closed)     from   2.99%    to    3.09%           + 0.10%
    5 Years (fixed/closed)      from   4.44%    to    4.74%           + 0.30%
    7 Years (fixed/closed)      from   5.24%    to    5.44%           + 0.20%

    These new mortgage rates will be effective as of October 15, 2009.
    

For further information: Gladys Caron, Vice President, Public Affairs and Communications, Laurentian Bank of Canada, [phone], extension 7511, Cellular: [phone], [email protected]