News Releases
BMO Bank of Montreal Changes Mortgage Rates
BMO Bank of
mortgage rates, effective June 20, 2007. The new rates are:
|
Fixed Rates: |
To: |
Change: |
|
6 month open |
8.55% |
0.00% |
|
6 month convertible |
6.75% |
0.00% |
|
1 year open |
9.20% |
-0.05% |
|
1 year closed |
7.05% |
-0.05% |
|
2 year |
7.30% |
-0.10% |
|
3 year |
7.30% |
-0.20% |
|
4 year |
7.30% |
-0.20% |
|
5 year |
7.24% |
-0.20% |
|
6 year |
7.40% |
-0.15% |
|
7 year |
7.55% |
-0.15% |
|
10 year |
7.95% |
-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 7.24%.
Special Offers*
To:
|
Change:
|
|
3 year
|
6.13%
|
-0.20%
|
5 year
|
6.18%
|
-0.20%
|
*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 Offer may be withdrawn or extended without notice.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.
- 30 -