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BMO Bank of Montreal Changes Mortgage Rates
TORONTO,
April 22, 2008 – BMO
Bank of Montreal today announced it is changing its variable mortgage
rates effective April 23, 2008. The new rates are:
|
Variable Rates: |
To: |
Change: |
|
3 year open |
4.750% |
-0.50% |
|
6 year Below Prime |
4.375% |
-0.50% |
|
5 year Protected |
4.650% |
-0.50% |
| |
| The ceiling on the Five-Year Protected Variable Rate mortgage is 6.99%. |
| |
Homeowner ReadiLine®
5-year variable rate closed term |
4.75% |
-0.50% |
| |
|
|
| Special Offers* |
| |
|
To: |
Change: |
| 3 year (fixed/closed) |
5.79% |
0.00% |
| 5 year (fixed/closed) |
5.93% |
0.00% |
| 7 year (fixed/closed) |
5.93% |
0.00% |
Homeowner ReadiLine®
5-year variable rate closed term |
4.50% |
-0.50% |
- 30 -
For further information:
Katelyn Hunter, Toronto,
(416) 867-3915
Lucie Gosselin, Montreal, (514) 877-1101
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