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BMO Bank of Montreal Decreases Mortgage Rates
BMO Bank of Montreal today announced it is changing fixed residential mortgage rates effective January 11, 2003. The new rates are:
(The interest on fixed rate mortgages compounds semi-annually, not in advance.) Variable rates are as follows:
The cap on the five-year Protected Variable Rate Mortgage decreases from 6.70% to 6.45%. -30- |

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