BMO Bank of Montreal Changes Mortgage Rates

    TORONTO, June 1 /CNW/ - BMO Bank of Montreal announced today it is
changing its residential mortgage rates, effective June 2, 2009.

    The new rates are:

    Fixed Rates:                      To:            Change:

    5 year fixed closed              5.45%             +.20%
    7 year fixed closed              6.80%             +.20%
    10 year fixed closed             6.95%             +.20%

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

    5 Years (fixed/closed)           4.15%             +.20%

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

    (*) 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    withdrawn or extended without notice.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: Media Contacts: Martha McInnis, Toronto,, (416) 867-3996; Laurie Grant, Vancouver,, (604) 665-7596; Lucie Gosselin, Montreal,, (514) 877-1101; Internet:

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