| BMO
Bank of Montreal Changes Mortgage Rates
TORONTO, June 10, 2009 – BMO
Bank of Montreal announced
today it is changing its residential mortgage rates, effective June
11, 2009. The new rates are:
|
Fixed Rates:
|
To:
|
Change:
|
|
6 month fixed convertible
|
4.75%
|
0.00%
|
|
6 month fixed open
|
6.55%
|
0.00%
|
|
1 year fixed open
|
7.00%
|
0.00%
|
|
1 year fixed closed
|
3.90%
|
0.00%
|
|
2 year fixed closed
|
4.05%
|
0.00%
|
|
3 year fixed closed
|
4.55%
|
0.40%
|
|
4 year fixed closed
|
5.24%
|
0.40%
|
|
5 year fixed closed
|
5.85%
|
0.40%
|
|
6 year fixed closed
|
6.30%
|
0.00%
|
|
7 year fixed closed
|
6.80%
|
0.00%
|
|
10 year fixed closed
|
6.95%
|
0.00%
|
|
18 year fixed open
|
8.95%
|
0.00%
|
(The interest on fixed-rate mortgages compounds semi-annually, not in advance.)
| Special
Offers* |
To: |
Change: |
| 5
year(fixed/closed) |
4.55% |
0.40% |
*This special discounted rate is not the posted rate of BMO Bank of Montreal.
Rates are subject to change without notice. Offer
may be withdrawn or extended without notice.Mortgage
funds must be advanced within 90 days of the application.
- 30 -
For
news media inquiries, please contact: (416) 867-3996
|