TORONTO, October 13,
2009 – BMO
Bank of Montreal today announced it is increasing its residential
fixed mortgage rates. Effective October 14, 2009, the new rates are
as follows:
Fixed Rates:
To:
Change:
6 month fixed convertible
4.65%
0.10%
6 month fixed open
6.45%
0.10%
1 year fixed open
6.80%
N/C
1 year fixed closed
3.70%
N/C
2 year fixed closed
3.95%
0.10%
3 year fixed closed
4.45%
0.10%
4 year fixed closed
5.29%
0.35%
5 year fixed closed
5.84%
0.35%
6 year fixed closed
5.84%
0.35%
7 year fixed closed
6.80%
0.20%
10 year fixed closed
6.95%
0.20%
18 year fixed open
8.95%
N/C
Variable
rates:
To:
Change:
5
year closed
2.25%
N/C
3 year open
3.05%
N/C
(The interest
on fixed-rate mortgages compounds semi-annually, not in advance.)
Special Offers*
To:
Change:
5 year (fixed/closed)
4.54%
0.35%
*This special discounted
rate is not the posted rate of BMO Bank of Montreal. Rate is subject to change
without notice. Offer may be withdrawn or extended without notice. Mortgage funds
must be advanced within 90 days of the application.
