News Releases
BMO Bank of Montreal Increasing Mortgage Rates
BMO Bank of
The new rates are:
|
Variable Rates: |
To: |
Change: |
|
3 year open |
5.250% |
0.25% |
|
6 year Below Prime |
4.875% |
0.25% |
|
5 year Protected |
5.150% |
0.25% |
The cap on the five-year protected variable rate mortgage is 6.30%. The fixed rates remain unchanged.
|
Fixed Rates: |
To: |
Change: |
|
6 month open |
7.49% |
0.00% |
|
6 month convertible |
5.05% |
0.00% |
|
1 year open |
7.25% |
0.00% |
|
1 year closed |
4.80% |
0.00% |
|
2 year |
4.95% |
0.00% |
|
3 year |
5.34% |
0.00% |
|
4 year |
5.49% |
0.00% |
|
5 year |
5.59% |
0.00% |
|
6 year |
5.99% |
0.00% |
|
7 year |
6.60% |
0.00% |
|
10 year |
7.35% |
0.00% |
|
18 year open |
8.25% |
0.00% |
(The interest on fixed rate mortgages compounds semi-annually, not in advance.)
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