TMX group

Aug. 16, 2010 (Canada NewsWire Group) --

MONTREAL, Aug. 16 /CNW Telbec/ - Laurentian Bank has changed its mortgage rates. The changes are as follows:

    <<
    TERM                                       RATE                VARIATION

    1 year close:              from   3.30%     to     3.30%            0.00%
    18 month close:            from   3.45%     to     3.40%           -0.05%
    2 year:                    from   3.65%     to     3.55%           -0.10%
    3 year:                    from   4.20%     to     4.10%           -0.10%
    4 year:                    from   5.24%     to     5.14%           -0.10%
    5 year:                    from   5.59%     to     5.49%           -0.10%
    6 year:                    from   6.25%     to     6.15%           -0.10%
    7 year:                    from   6.55%     to     6.45%           -0.10%
    8 year:                    from   6.65%     to     6.55%           -0.10%
    9 year:                    from   6.65%     to     6.55%           -0.10%
    10 year:                   from   6.70%     to     6.60%           -0.10%

    Fixed Rate Special offer :
    --------------------------
    5 Years (fixed/closed)     from   4.19%     to     4.09%           -0.10%
    >>

These new mortgage rates will be effective as of August 17, 2010.

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