Laurentian Bank changes its mortgage rates

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

    
    TERM                                       RATE              VARIATION

    6 month open:            from     6.45%      to     6.70%         0.25%
    6 month close:           from     3.85%      to     3.95%         0.10%
    6 month convertible:     from     5.15%      to     5.25%         0.10%
    1 year open:             from     6.55%      to     6.80%         0.25%
    1 year close:            from     3.60%      to     3.65%         0.05%
    18 month close:          from     3.60%      to     3.80%         0.20%
    2 year:                  from     3.75%      to     4.00%         0.25%
    3 year:                  from     4.35%      to     4.60%         0.25%
    4 year:                  from     5.34%      to     5.59%         0.25%
    5 year:                  from     5.85%      to     6.10%         0.25%
    6 year:                  from     6.25%      to     6.50%         0.25%
    7 year:                  from     6.60%      to     6.85%         0.25%
    8 year:                  from     6.70%      to     6.95%         0.25%
    9 year:                  from     6.70%      to     6.95%         0.25%
    10 year:                 from     6.75%      to     7.00%         0.25%

    Fixed Rate Special offers:
    --------------------------
    18-month (fixed/closed)  from     2.74%      to     2.99%         0.25%
    5 Years (fixed/closed)   from     4.55%      to     4.70%         0.15%
    7 Years (fixed/closed)   from     5.24%      to     5.49%         0.25%
    

These new mortgage rates will be effective as of April 15, 2010.

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