News Releases
TORONTO, November 14, 2008 – Canadian homeowners and prospective buyers are getting a helping hand from BMO Bank of Montreal. The Bank announced today a special mortgage offer with a five-year fixed rate at 5.25 per cent, (effective Monday, November 17th) currently the lowest available market rate for a five-year fixed term.
“We fully support Minister Flaherty's continued efforts to promote the availability of credit for Canadians,” said Frank Techar, President and CEO, Personal and Commercial Banking, BMO Bank of Montreal. “Helping to lower funding costs is significant for the entire industry and we are excited to pass along the savings to our customers. By offering a very attractive rate that is guaranteed for a full five years, we are giving Canadians the added benefit of predictability and comfort during an uncertain economic environment.”
BMO's mortgage offer is available to all new and existing BMO customers.
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