BMO announces 0.1 percentage point drop in residential mortgage rates

By The Canadian Press

TORONTO - The Bank of Montreal (TSX: BMO.TO) has announced a small decrease in most of its residential mortgage rates.

In a statement Tuesday, BMO said it was reducing residential mortgage rates by 0.1 percentage point, including the rate on its posted, five-year fixed closed rate, which falls to 5.29 per cent

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