TORONTO, ONTARIO--(Marketwired - Aug 20, 2013) - BMO Bank of Montreal today announced it is changing its residential mortgage rates, effective August 21, 2013.
The new rates are:
|5 year Eco Smart ™ fixed closed||3.79%||+0.20%|
|5 year low rate fixed closed||3.79%||+0.20%|
The interest rate for a fixed-rate mortgage is calculated half-yearly not in advance. Rates are subject to change without notice. Mortgage funds must be advanced within 90 days of the application.
*This special discounted rate is not the posted rate of BMO Bank of Montreal.
About BMO Financial Group
Established in 1817 as Bank of Montreal, BMO Financial Group is a highly diversified North American financial services organization. With total assets of $555 billion as at April 30, 2013, and more than 46,000 employees, BMO Financial Group provides a broad range of personal and commercial banking, wealth management and investment banking products and solutions.