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:
|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."