BMO Financial Group
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BMO Financial Group
BMO Bank of Montreal

BMO Bank of Montreal

November 22, 2010 15:35 ET

BMO Bank of Montreal Changes Mortgage Rates

BMO Continues to Offer Lowest Five-Year Fixed Rate Now at 3.54 per cent

TORONTO, ONTARIO--(Marketwire - Nov. 22, 2010) - BMO Bank of Montreal announced today it is increasing its residential mortgage rates, effective November 23, 2010.

The new rates are:    
 
Special Offers* To: Change:
4 year fixed closed 4.04% +0.25%
5 year low rate fixed closed 3.54% +0.15%
5 year fixed closed 4.04% +0.25%
7 year fixed closed 4.75% N/C
10 year fixed closed 4.85% N/C
 
Fixed Rates: To: Change:
6 month fixed convertible 4.45% N/C
6 month fixed open 6.30% N/C
1 year fixed open 6.30% N/C
1 year fixed closed 3.35% +0.15%
2 year fixed closed 3.60% +0.15%
3 year fixed closed 4.25% +0.25%
4 year fixed closed 5.19% +0.25%
5 year low rate fixed closed 5.44% +0.25%
5 year fixed closed 5.44% +0.25%
6 year fixed closed 5.70% N/C
7 year fixed closed 6.30% N/C
10 year fixed closed 6.40% N/C
18 year fixed open 8.85% N/C

The interest rate for a fixed rate mortgage is calculated half-yearly not in advance.

*These special discounted rates are not the posted rates of BMO Bank of Montreal. Rates are subject to change without notice. Offers may be withdrawn or extended without notice. Mortgage funds must be advanced within 90 days of the application.

Internet: www.bmo.com

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