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BMO Bank of Montreal Changes Mortgage Rates


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TORONTO, ONTARIO--(Marketwire - Feb. 8, 2011) - BMO Bank of Montreal announced today it is changing its residential mortgage rates, effective February 9, 2011.

The new rates are:

Special Offers*To:Change:
4 year fixed closed4.34%+0.22%
5 year low rate fixed closed3.94%+0.25%
5 year fixed closed4.39%+0.27%
7 year fixed closed5.25%+0.25%
10 year fixed closed5.35%+0.25%

Fixed Rates:To:Change:
6 month fixed convertible4.45%N/C
6 month fixed open6.30%N/C
1 year fixed open6.30%N/C
1 year fixed closed3.50%+0.15%
2 year fixed closed3.75%+0.15%
3 year fixed closed4.35%+0.20%
4 year fixed closed5.14%+0.20%
5 year low rate fixed closed5.44%+0.25%
5 year fixed closed5.44%+0.25%
6 year fixed closed5.95%+0.25%
7 year fixed closed6.55%+0.25%
10 year fixed closed6.65%+0.25%
18 year fixed open8.85%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 Offers may be withdrawn or extended without notice.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.

Internet: [ www.bmo.com ]



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