News Releases

BMO Bank of Montreal Changes Mortgage Rates

TORONTO, ONTARIO--(Marketwire - July 5, 2011) - BMO Bank of Montreal today announced it is changing its residential mortgage rates, effective July 6, 2011.

The new rates are:

Special Offers*	To:	Change:
4 year fixed closed	4.24%	+0.15%
5 year Eco Smart fixed closed ™	3.89%	+0.10%
5 year fixed closed	4.29%	+0.15%
7 year fixed closed	5.09%	+0.15%
10 year fixed closed	5.29%	+0.15%

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	3.60%	+0.10%
2 year fixed closed	3.95%	+0.10%
3 year fixed closed	4.35%	+0.10%
4 year fixed closed	5.04%	+0.15%
5 year low rate fixed closed	3.89%	+0.10%
5 year fixed closed	5.54%	+0.15%
5 year Eco Smart fixed closed ™	5.54%	+0.15%

6 year fixed closed	6.25%	+0.15%
7 year fixed closed	6.44%	+0.15%
10 year fixed closed	6.80%	+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 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 Offers may be withdrawn or extended without notice.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.

For further information:

For news media enquiries, please contact:
Matt Duffin, Toronto
416-867-3996
matthew.duffin@bmo.com

Sarah Bensadoun, Montreal
514-877-8224
sarah.bensadoun@bmo.com

Laurie Grant, Vancouver
604-665-7596
laurie.grant@bmo.com
Internet: www.bmo.com