News Releases
BMO Bank of Montreal Increases Mortgage Rates
BMO Bank of
|
Fixed Rates: |
To: |
Change: |
|
6 month open |
7.49% |
0.25% |
|
6 month convertible |
5.05% |
0.35% |
|
1 year open |
7.25% |
0.40% |
|
1 year closed |
4.80% |
0.25% |
|
2 year |
4.95% |
0.35% |
|
3 year |
5.34% |
0.35% |
|
4 year |
5.49% |
0.15% |
|
5 year |
5.59% |
0.15% |
|
6 year |
5.99% |
0.14% |
|
7 year |
6.60% |
0.15% |
|
10 year |
7.35% |
0.20% |
|
18 year open |
8.25% |
0.00% |
(The interest on fixed rate mortgages compounds semi-annually, not in advance.)
The 5 Year Variable Protected rate increases to 6.30%.
- 30 -