BMO Bank of Montreal Changes Mortgage and Home Equity Lending Rates



    TORONTO, Oct. 8 /CNW/ - BMO Bank of Montreal announced today that it is
increasing the posted rates on the following products to Prime plus 1.00%:

    
    -   Homeowner and Small Business Homeowner Readiline Variable rate
        Instalment portions - effective October 9, 2008
    -   Homeowner and Small Business Homeowner Readiline Revolving -
        effective October 9, 2008
    -   3 Year Open Variable Rate Mortgage - effective October 14, 2008.
    

    The change in rate only affects new and renewal applications.





For further information:

For further information: Media Contacts: Kasia Lech, Toronto,
kasia.lech@bmo.com, (416) 867-3996; Ronald Monet, Montreal,
ronald.monet@bmo.com, (514) 877-1101; Internet: www.bmo.com


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