BMO Bank of Montreal Lowers Mortgage Rates



    TORONTO, March 4 /CNW/ - BMO Bank of Montreal today announced it is
changing its variable mortgage rates effective March 5, 2008.

    The new rates are:

    
    Variable Rates:            To:       Change:
    3 year open              5.250%      -0.50%
    6 year Below Prime       4.875%      -0.50%
    5 year Protected         5.150%      -0.50%

    The ceiling on the Five-Year Protected Variable Rate mortgage is 7.29%.

    Homeowner ReadiLine(R)
     5-year variable rate
     closed term              5.25%      -0.50%
    




For further information:

For further information: Katelyn Hunter, Toronto, (416) 867-3915,
katelyn.hunter@bmo.com; Lucie Gosselin, Montreal, (514) 877-1101,
lucie.gosselin@bmo.com; Internet: www.bmo.com


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