News Releases
TORONTO, December 15, 2010 – BMO Bank of Montreal announced today it is changing its residential mortgage special rate offers, effective December 16, 2010.
The new rates are:
Special Offers*
|
To:
|
Change:
|
4 year fixed closed
|
4.14%
|
0.10% |
5 year low rate fixed closed
|
3.69%
|
0.15% |
5 year fixed closed
|
4.24%
|
0.20% |
7 year fixed closed
|
5.00%
|
0.25% |
10 year fixed closed
|
5.10%
|
0.25% |
The interest rate for a fixed rate mortgage is calculated half-yearly not in advance.
*These special discounted rates are not the posted rates of BMO Bank of Montreal. Rates are subject to change without notice. Offers may be withdrawn or extended without notice. Mortgage funds must be advanced within 90 days of the application.
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For news media enquiries, please contact:
Matt Duffin,
Sarah Bensadoun, Montreal, 514-877-8224, sarah.bensadoun@bmo.com
Laurie Grant, Vancouver, 604-665-7596, laurie.grant@bmo.com