Laurentian Bank changes its mortgage rates

MONTREAL , Nov. 19 /CNW Telbec/ - Laurentian Bank has changed its mortgage rates. The changes are as follows:

    
    TERM                                       RATE                VARIATION

    6 month open:               from   6.45%    to    6.45%             0.00%
    6 month close:              from   3.85%    to    3.85%             0.00%
    6 month convertible:        from   5.25%    to    5.15%     -     - 0.10%
    1 year open:                from   6.80%    to    6.60%     -     - 0.20%
    1 year close:               from   3.75%    to    3.50%     -     - 0.25%
    18 month close:             from   3.90%    to    3.60%     -     - 0.30%
    2 year:                     from   3.95%    to    3.75%     -     - 0.20%
    3 year:                     from   4.45%    to    4.25%     -     - 0.20%
    4 year:                     from   5.30%    to    5.20%     -     - 0.10%
    5 year:                     from   5.85%    to    5.60%     -     - 0.25%
    6 year:                     from   6.50%    to    6.25%     -     - 0.25%
    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    6.80%     -     - 0.15%

    Fixed Rate Special offer :
    --------------------------
    18-month (fixed/closed)     from   2.99%    to    2.99%             0.00%
    5 Years (fixed/closed)      from   4.74%    to    4.44%     -     - 0.30%
    7 Years (fixed/closed)      from   5.44%    to    5.24%     -     - 0.20%
    

These new mortgage rates will be effective as of November 20, 2009 .

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