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BMO Bank of Montreal Changes Mortgage and Home Equity Lending Rates
 TORONTO, October 8, 2008 – BMO Bank of Montreal announced today that it is increasing the posted rates on the following products to Prime plus 1.00%:
  • Homeowner and Small Business Homeowner Readiline Variable rate Instalment portions – effective October 9, 2008
  • Homeowner and Small Business Homeowner Readiline Revolving – effective October 9, 2008
  • 3 Year Open Variable Rate Mortgage – effective October 14, 2008.
The change in rate only affects new and renewal applications.

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