TORONTO, ONTARIO--(Marketwired - Jun 28, 2013) - BMO Bank of Montreal announced today it is changing its residential mortgage rates, effective June 29, 2013.
The new rates are:
|5 year Eco Smart fixed closed ™||3.59||%||+0.20||%|
|5 year low rate fixed closed||3.59||%||+0.20||%|
|10 year low rate fixed closed||4.29||%||+0.30||%|
The interest rate for a fixed-rate mortgage is calculated half-yearly not in advance.
*This special discounted rate is not the posted rate of BMO Bank of Montreal. Rates are subject to change without notice. Mortgage funds must be advanced within 90 days of the application.
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 retail banking, wealth management and investment banking products and solutions.