BMO Bank of Montreal Changes Mortgage Rates



    TORONTO, June 10 /CNW/ - BMO Bank of Montreal announced today it is
changing its residential mortgage rates, effective June 11, 2009. The new
rates are:

    
    Fixed Rates:                           To:         Change:
    6 month fixed convertible             4.75%         0.00%
    6 month fixed open                    6.55%         0.00%
    1 year fixed open                     7.00%         0.00%
    1 year fixed closed                   3.90%         0.00%
    2 year fixed closed                   4.05%         0.00%
    3 year fixed closed                   4.55%         0.40%
    4 year fixed closed                   5.24%         0.40%
    5 year fixed closed                   5.85%         0.40%
    6 year fixed closed                   6.30%         0.00%
    7 year fixed closed                   6.80%         0.00%
    10 year fixed closed                  6.95%         0.00%
    18 year fixed open                    8.95%         0.00%

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

    Special Offers(*)                      To:         Change:
    5 year(fixed/closed)                  4.55%         0.40%

    (*) This special discounted rate is not the posted rate 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        withdrawn or extended without notice.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: Kasia Lech, Toronto, kasia.lech@bmo.com, (416)
867-3996; Laurie Grant, Vancouver, laurie.grant@bmo.com, (604) 665-7596; Lucie
Gosselin, Montreal, lucie.gosselin@bmo.com, (514) 877-1101; Internet:
www.bmo.com


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