LAURENTIAN BANK CHANGES ITS MORTGAGE RATES

MONTREAL, Oct. 13 /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	3.30%	to	3.20%	-0.10%
18 month close:	from	3.40%	to	3.30%	-0.10%
2 year:	from	3.55%	to	3.45%	-0.10%
3 year:	from	4.10%	to	4.00%	-0.10%
4 year:	from	5.04%	to	4.94%	-0.10%
5 year:	from	5.39%	to	5.29%	-0.10%
6 year:	from	6.15%	to	6.05%	-0.10%
7 year:	from	6.45%	to	6.35%	-0.10%
8 year:	from	6.55%	to	6.45%	-0.10%
9 year:	from	6.55%	to	6.45%	-0.10%
10 year:	from	6.60%	to	6.50%	-0.10%
Fixed Rate Special offer :
1 year (fixed/closed)	from	2.89%	to	2.79%	-0.10%
5 Years (fixed/closed)	from	3.99%	to	3.89%	-0.10%

These new mortgage rates will be effective as of October 14, 2010.

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
[email protected]