BMO Financial Group

BMO Financial Group
BMO Bank of Montreal

BMO Bank of Montreal

December 09, 2013 14:59 ET

BMO Bank of Montreal Changes Mortgage Rates

TORONTO, ONTARIO--(Marketwired - Dec. 9, 2013) - BMO Bank of Montreal announced today it is changing its residential mortgage rates, effective December 10, 2013.

The new rates are changing to the following:

Fixed Rates: To: Change:
1 year fixed closed 3.24% +0.10%
2 year fixed closed 3.24% +0.10%
3 year fixed closed 4.05% +0.10%
4 year fixed closed 4.84% +0.10%
5 year fixed closed 5.44% +0.10%
5 year low rate fixed closed 3.89% +0.10%
Variable Rates:
3 year open 4.10% +0.10%
5 year closed 3.10% +0.10%

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

About BMO Financial Group

Established in 1817 as Bank of Montreal, BMO Financial Group is a highly diversified North American financial services organization. With total assets of $537 billion as at October 31, 2013, and more than 45,000 employees, BMO Financial Group provides a broad range of personal and commercial banking, wealth management and investment banking products and solutions.

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