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BMO Bank of Montreal Changes Mortgage Rates

BMO Bank of Montreal today announced it is changing its variable mortgage rates effective May 25, 2006.

The new rates are:

Variable Rates:

To:

Change:

3 year open

6.000%

0.25%

6 year Below Prime

5.625%

0.25%

5 year Protected

5.900%

0.25%

The ceiling on the Five-Year Protected Variable Rate mortgage is 6.75%.

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