News Releases
BMO Bank of Montreal Reduces Home Equity Lending Rates
TORONTO, October 10, 2008 – BMO Bank of Montreal announced today that it is decreasing the rates on the following products by 0.25% to 5.25% effective October 14, 2008:
- Homeowner and Small Business Homeowner Readiline Variable rate Instalment portions
- Homeowner and Small Business Homeowner Readiline Revolving
The change in rate only affects new and renewal applications.
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