News Releases

BMO Bank of Montreal Changes Mortgage Rates

BMO Bank of Montreal announced today it is changing its residential
mortgage rates, effective June 14, 2007. The new rates are:

Fixed Rates:	To:	Change:
6 month open	8.55%	0.05%
6 month convertible	6.75%	0.05%
1 year open	9.25%	0.10%
1 year closed	7.10%	0.10%
2 year	7.40%	0.10%
3 year	7.50%	0.15%
4 year	7.50%	0.15%
5 year	7.44%	0.15%
6 year	7.55%	0.15%
7 year	7.70%	0.20%
10 year	8.15%	0.20%
18 year open	9.20%	0.00%

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

The Five-Year Protected Variable Rate ceiling changes to 7.44%.

Special Offers*

                                                       To:                    Change:

3 year                                         6.33%                 0.15%

5 year                                                6.38%                 0.15%

*These special discounted rates are not the posted rates of BMO Bank
 of Montreal. Rates are subject to change without notice.  Offer may be
 withdrawn or extended without notice.  Mortgage funds must be
 advanced within 90 days of the application.

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