News Releases
TORONTO, March 15, 2011 – BMO Bank of Montreal announced today it is decreasing its residential mortgage rates, effective March 16, 2011.
The new rates are:
Special Offers*
|
To:
|
Change:
|
4 year fixed closed
|
4.19%
|
-0.15% |
|
5 year BMO Eco Smart Mortgage™ closed |
3.89%
|
N/C |
5 year fixed closed
|
4.19%
|
N/C |
7 year fixed closed
|
4.99%
|
-0.26% |
10 year fixed closed
|
5.19%
|
-0.16% |
|
Fixed Rates: |
To: |
Change: |
|
6 month fixed convertible |
4.45% |
N/C |
|
6 month fixed open |
6.30% |
N/C |
|
1 year fixed open |
6.30% |
N/C |
|
1 year fixed closed |
3.50% |
N/C |
|
2 year fixed closed |
3.75% |
N/C |
|
3 year fixed closed |
4.35% |
N/C |
|
4 year fixed closed |
4.99% |
-0.15% |
|
5 year low rate fixed closed |
3.89% |
N/C |
|
5 year fixed closed |
5.34% |
-0.10% |
|
5 year BMO Eco Smart Mortgage™ closed |
5.34% |
-0.10% |
|
6 year fixed closed |
5.85% |
-0.10% |
|
7 year fixed closed |
6.35% |
-0.20% |
|
10 year fixed closed |
6.50% |
-0.15% |
|
18 year fixed open |
8.85% |
N/C |
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
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For news media enquiries, please contact:
Matt Duffin, Toronto, matthew.duffin@bmo.com, 416-867-3996
Sarah Bensadoun, Montreal, sarah.bensadoun@bmo.com, (514) 877-8224
Laurie Grant, Vancouver, laurie.grant@bmo.com, (604) 665-7596
