News Releases
BMO Bank of Montreal Changes Mortgage Rates
BMO Bank of
|
Fixed Rates: |
To: |
Change: |
|
6 month open |
8.40% |
0.10% |
|
6 month convertible |
6.60% |
0.20% |
|
1 year open |
8.75% |
0.10% |
|
1 year closed |
6.60% |
0.10% |
|
2 year |
6.65% |
0.15% |
|
3 year |
6.75% |
0.20% |
|
4 year |
6.85% |
0.30% |
|
5 year |
6.95% |
0.20% |
|
6 year |
7.05% |
0.20% |
|
7 year |
7.45% |
0.15% |
|
10 year |
7.70% |
0.15% |
|
18 year open |
8.95% |
0.20% |
(The interest on fixed-rate mortgages compounds semi-annually, not in advance.)
The Five-Year Protected Variable Rate ceiling increases to 6.95%.
- 30 -