Laurentian Bank changes its mortgage rates

MONTREAL, June 2 /CNW Telbec/ - Laurentian Bank has changed its mortgage rates. The changes are as follows:

    
    TERM                                          RATE          VARIATION

    5 year:                    from         5.25%  to  5.45%      + 0.20%
    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 :
    --------------------------
    5 Years (fixed/closed)     from         3.99%  to  4.19%      + 0.20%
    7 Years (fixed/closed)     from         5.14%  to  5.34%      + 0.20%
    

These new mortgage rates will be effective as of June 3rd, 2009.

Contacts

Gladys Caron
Vice President
Public Affairs and Communications
Laurentian Bank of Canada
Office: (514) 284-4500
extension 7511
Cellular: (514) 893-3963
gladys.caron@banquelaurentienne.ca