BMO Bank of Montreal Changes Mortgage Rates

Business and Finance Business and Finance

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[ Tue, Feb 08th 2011 ] - Market Wire

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[ Tue, Feb 08th 2011 ] - Market Wire

BMO Bank of Montreal Changes Mortgage Rates

[ Tue, Feb 08th 2011 ] - Market Wire

NuVasive to Present at the 2011 Canaccord Genuity Musculoskeletal Conference

BMO Bank of Montreal Changes Mortgage Rates

^{Published on 2011-02-08 13:40:54 - Market Wire}

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 closed	4.34%	+0.22%
5 year low rate fixed closed	3.94%	+0.25%
5 year fixed closed	4.39%	+0.27%
7 year fixed closed	5.25%	+0.25%
10 year fixed closed	5.35%	+0.25%


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%	+0.15%
2 year fixed closed	3.75%	+0.15%
3 year fixed closed	4.35%	+0.20%
4 year fixed closed	5.14%	+0.20%
5 year low rate fixed closed	5.44%	+0.25%
5 year fixed closed	5.44%	+0.25%
6 year fixed closed	5.95%	+0.25%
7 year fixed closed	6.55%	+0.25%
10 year fixed closed	6.65%	+0.25%
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 Offers may be withdrawn or extended without notice.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.

Internet: [ www.bmo.com ]