News Releases
BMO Bank of Montreal Decreases Mortgage Rates5 Year Fixed Rate Special Offer is Now 4.15 per cent
TORONTO,
April 3, 2009 – BMO Bank of Montreal announced today it
is decreasing its residential mortgage rates, effective April 4, 2009.
The new rates are:
| Fixed Rates: | To: |
Change: |
| 6 month fixed convertible | 5.05% |
-0.15% |
| 6 month fixed open | 6.85% |
-0.15% |
| 1 year fixed open | 7.30% |
-0.15% |
| 1 year fixed closed | 4.20% |
-0.15% |
| 2 year fixed closed | 4.35% |
-0.20% |
| 3 year fixed closed | 4.45% |
-0.20% |
| 4 year fixed closed | 5.14% |
-0.30% |
| 5 year fixed closed | 5.45% |
-0.10% |
| 6 year fixed closed | 6.90% |
-0.10% |
| 7 year fixed closed | 6.90% |
-0.10% |
| 10 year fixed closed | 7.05% |
-0.10% |
| 18 year fixed open | 8.95% |
0.00% |
| Fixed Rate Special Offer*: | To: |
Change: |
| 5 Years (fixed/closed) | 4.15% |
-0.10% |
(The interest on fixed-rate mortgages compounds semi-annually, not in advance.)
*This special discounted rate is not the posted rate 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be withdrawn or extended without notice.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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