BMO Bank of Montreal Changes Mortgage Rates

TORONTO, June 1, 2009 – BMO Bank of Montreal announced today it is changing its residential mortgage rates, effective June 2, 2009.

The new rates are:

 

Fixed Rates:

To:

Change:

5 year fixed closed

5.45%

+.20%

7 year fixed closed

6.80%

+.20%

10 year fixed closed

6.95%

+.20%


Fixed Rate Special Offer*:
To:
Change:
5 Years (fixed/closed)
4.15%
+.20%




(The interest on fixed-rate mortgages compounds semi-annually, not in advance.)

 

*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 Offer may be withdrawn or extended without notice.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