BMO Bank of Montreal Decreases Mortgage Rates



    5 Year Fixed Rate Special Offer is Now 4.15 per cent

    TORONTO, April 3 /CNW/ - BMO Bank of Montreal announced today it is
decreasing its residential mortgage rates, effective April 4, 2009.

    
    The new rates are:

    Fixed Rates:                       To:           Change:

    6 month fixed convertible         5.05%          -0.15%
    6 month fixed open                6.85%          -0.15%
    1 year fixed open                 7.30%          -0.15%
    1 year fixed closed               4.20%          -0.15%
    2 year fixed closed               4.35%          -0.20%
    3 year fixed closed               4.45%          -0.20%
    4 year fixed closed               5.14%          -0.30%
    5 year fixed closed               5.45%          -0.10%
    6 year fixed closed               6.90%          -0.10%
    7 year fixed closed               6.90%          -0.10%
    10 year fixed closed              7.05%          -0.10%
    18 year fixed open                8.95%           0.00%

    Fixed Rate Special Offer(*):       To:           Change:

    5 Years (fixed/closed)            4.15%          -0.10%

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

    (*) 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        withdrawn or extended without notice.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; Lucie Gosselin, Montréal, lucie.gosselin@bmo.com, (514) 877-8224;
Laurie Grant, Vancouver, laurie.grant@bmo.com, (604) 665-7596; Internet:
www.bmo.com


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