BMO Bank of Montreal Changes Mortgage Rates



    TORONTO, Nov. 13 /CNW/ - BMO Bank of Montreal announced today it is
decreasing its residential mortgage rates, effective November 14, 2007. The
new rates are:

    
    Fixed Rates:              To:        Change:

    6 month open             8.55%        0.00%
    6 month convertible      6.85%        0.00%
    1 year open              9.30%        0.00%
    1 year closed            7.20%       -0.05%
    2 year                   7.35%       -0.05%
    3 year                   7.35%       -0.05%
    4 year                   7.35%       -0.05%
    5 year                   7.39%       -0.05%
    6 year                   7.50%        0.00%
    7 year                   7.65%        0.00%
    10 year                  7.95%        0.00%
    18 year open             9.20%        0.00%

    (The interest on fixed-rate mortgages compounds semi-annually, not in
    advance.)

    The Five-Year Protected Variable Rate ceiling changes to 7.39%.

    Special Offers(*)

                                          To:           Change:

    3 year (fixed/closed)                6.34%          -0.05%
    5 year (fixed/closed)                6.38%          -0.05%
    7 year (fixed/closed)                6.43%           0.00%

    Homeowner ReadiLine(R)               5.75%           0.00%
    5-year variable rate closed term

    (*) These special discounted rates are not the posted rates of BMO Bank
        of Montreal. Rates are subject to change without notice. Offer may
        be withdrawn or extended without notice. Mortgage funds must be
        advanced within 90 days of the application.
    





For further information:

For further information: Shivani Ahluwalia, Toronto,
shivani.ahluwalia@bmo.com, (416) 867-3996; Lucie Gosselin, Montreal,
lucie.gosselin@bmo.com, (514) 877-8224, Internet: www.bmo.com

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BMO BANK OF MONTREAL

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