MONTREAL, Nov. 19 /CNW Telbec/ - Laurentian Bank has changed its mortgage rates. The changes are as follows:
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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 :
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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%
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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, (514) 284-4500, extension 7511, Cellular: (514) 893-3963, gladys.caron@banquelaurentienne.ca
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