News Releases
BMO Bank of Montreal Changes Mortgage Rates
TORONTO, November 18, 2009 – BMO Bank of Montreal announced today it is decreasing its residential mortgage rates, effective November 19, 2009. The new rates are:
|
Fixed Rates: |
To: |
Change: |
|
6 month fixed convertible |
4.65% |
0.00% |
|
6 month fixed open |
6.45% |
0.00% |
|
1 year fixed open |
6.55% |
-0.25% |
|
1 year fixed closed |
3.50% |
-0.20% |
|
2 year fixed closed |
3.75% |
-0.20% |
|
3 year fixed closed |
4.25% |
-0.20% |
|
4 year fixed closed |
5.19% |
-0.10% |
|
5 year fixed closed |
5.59% |
-0.19% |
|
6 year fixed closed |
5.59% |
-0.19% |
|
7 year fixed closed |
6.60% |
-0.20% |
|
10 year fixed closed |
6.70% |
-0.25% |
|
18 year fixed open |
8.95% |
0.00% |
| Variable rates: |
To:
|
Change:
|
| 5 year closed |
2.25%
|
0.00%
|
| 3 year open |
3.05%
|
0.00%
|
(The interest on fixed-rate mortgages compounds semi-annually, not in advance.)
Special Offers*
|
To:
|
Change:
|
5 year(fixed/closed)
|
4.29%
|
-0.19%
|
*This special discounted rate is not the posted rate of BMO Bank of