Bank of Montreal Raising Interest Rates

BMO Bank of Montreal Increases Mortgage Rates

 TORONTO, ONTARIO--(Marketwire - March 26, 2013) - As previously announced, BMO's limited time offer on 5-year residential mortgage rates ends this week. BMO Bank of Montreal today announced it is increasing residential mortgage rates, effective March 29, 2013.

The new rate is:

Fixed Rate: To: Change:
5-year low-rate fixed closed 3.09% +0.10%

"Our advice to Canadians is simple: Protect yourself from rising rates by locking in for five years and become mortgage-free faster by choosing a maximum amortization of 25 years," said Ernie Johannson, Senior Vice President, Personal Banking Canada, BMO Financial Group. "This mortgage is the responsible choice for the times."

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