Skip navigation
Navigation skipped

News Releases

BMO Bank of Montreal Changes Mortgage Rates

BMO Bank of Montreal today announced it is changing its residential mortgage rates, effective June 6, 2006. The new rates are:

Fixed Rates:

To:

Change:

6 month open

8.20%

0.21%

6 month convertible

6.30%

0.05%

1 year open

8.50%

0.10%

1 year closed

6.35%

0.10%

2 year

6.35%

0.05%

3 year

6.45%

  0.00%

4 year

6.55%

  0.00%

5 year

6.75%

  0.00%

6 year

6.85%

  0.00%

7 year

7.30%

  0.00%

10 year

7.55%

  0.00%

18 year open

8.75%

0.50%

(The interest on fixed-rate mortgages compounds semi-annually, not in advance.)

The Five-Year Protected Variable Rate ceiling remains at 6.75%.

- 30 -