News Releases

BMO Bank of Montreal Lowers Mortgage Rates

BMO Bank of Montreal announced today it is decreasing its residential mortgage rates,
effective January 15, 2008. The new rates are:

Fixed Rates:	To:	Change:
6 month open	8.90%	0.00%
6 month convertible	7.10%	0.00%
1 year open	9.50%	0.00%
1 year closed	7.35%	0.00%
2 year	7.50%	-0.05%
3 year	7.50%	-0.05%
4 year	7.49%	-0.05%
5 year	7.49%	-0.05%
6 year	7.65%	-0.05%
7 year	7.80%	-0.05%
10 year	8.20%	0.00%
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 7.49%.

Special Offers*

	To:	Change:
3 year (fixed/closed)	6.43%	-0.11%
5 year (fixed/closed)	6.43%	-0.10%
7 year (fixed/closed)	6.53%	-0.10%

Homeowner ReadiLine� 5-year variable rate closed term	5.75%	0.00%

*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Rates are subject to change without notice.Offer may be withdrawn or extended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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