BMO Bank of Montreal Changes Mortgage and Home Equity Lending Rates

Wed. October 08, 2008; Posted: 05:40 PM

TORONTO, Oct. 8, 2008 (Canada NewsWire via COMTEX) -- BMO | Quote | Chart | News | PowerRating -- BMO Bank of Montreal announced today that it is increasing the posted rates on the following products to Prime plus 1.00%:

<< - Homeowner and Small Business Homeowner Readiline Variable rate Instalment portions - effective October 9, 2008 - Homeowner and Small Business Homeowner Readiline Revolving - effective October 9, 2008 - 3 Year Open Variable Rate Mortgage - effective October 14, 2008. >>

The change in rate only affects new and renewal applications.

SOURCE: BMO Bank of Montreal

SOURCE: BMO Financial Group

Media Contacts: Kasia Lech, Toronto, kasia.lech@bmo.com, (416) 867-3996; Ronald Monet, Montreal, ronald.monet@bmo.com, (514) 877-1101; Internet: www.bmo.com

For full details on Bank Of Montreal (BMO) click here. Bank Of Montreal (BMO) has Short Term PowerRatings of 6. Details on Bank Of Montreal (BMO) Short Term PowerRatings is available at This Link.

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