Laurentian Bank changes its mortgage rates

Wed Nov 26, 5:29 PM

MONTREAL, Nov. 26 /CNW Telbec/ - Laurentian Bank has changed its mortgage rates. The changes are asfollows:

    
    TERM                                           RATE             VARIATION

    6 month open:           from       8.15%        to       7.90%     -0.25%
    6 month close:          from       6.35%        to       6.00%     -0.35%
    6 month convertible:    from       6.85%        to       6.50%     -0.35%
    1 year open:            from       8.50%        to       8.25%     -0.25%
    1 year close:           from       6.30%        to       5.60%     -0.70%
    18 month close:         from       6.50%        to       5.85%     -0.65%
    2 year:                 from       6.70%        to       6.25%     -0.45%
    3 year:                 from       6.75%        to       6.30%     -0.45%
    4 year:                 from       7.05%        to       6.30%     -0.75%
    5 year:                 from       7.20%        to       6.95%     -0.25%
    6 year:                 from       7.45%        to       7.15%     -0.30%
    7 year:                 from       7.60%        to       7.40%     -0.20%
    8 year:                 from       7.70%        to       7.50%     -0.20%
    9 year:                 from       7.70%        to       7.50%     -0.20%
    10 year:                from       7.80%        to       7.55%     -0.25%

These new mortgage rates will be effective as of November 27, 2008.

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