BMO Bank of Montreal
TSX : BMO
NYSE : BMO

BMO Bank of Montreal

March 15, 2011 19:24 ET

BMO Bank of Montreal Decreases Mortgage Rates

TORONTO, ONTARIO--(Marketwire - March 15, 2011) -

BMO Bank of Montreal announced today it is decreasing its residential mortgage rates, effective March 16, 2011.

The new rates are:

Special Offers* To:   Change:  
4 year fixed closed 4.19 % -0.15 %
5 year BMO Eco Smart Mortgage™ closed 3.89 % N/C  
5 year fixed closed 4.19 % N/C  
7 year fixed closed 4.99 % -0.26 %
10 year fixed closed 5.19 % -0.16 %
         
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 3.50 % N/C  
2 year fixed closed 3.75 % N/C  
3 year fixed closed 4.35 % N/C  
4 year fixed closed 4.99 % -0.15 %
5 year low rate fixed closed 3.89 % N/C  
5 year fixed closed 5.34 % -0.10 %
5 year BMO Eco Smart Mortgage™ closed 5.34 % -0.10 %
6 year fixed closed 5.85 % -0.10 %
7 year fixed closed 6.35 % -0.20 %
10 year fixed closed 6.50 % -0.15 %
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 Offers may be withdrawn or extended without notice.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.

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