News Releases

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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