BMO Bank of Montreal Reduces Home Equity Lending Rates

Fri. October 10, 2008; Posted: 04:36 PM

TORONTO, Oct. 10, 2008 (Canada NewsWire via COMTEX) -- BMO | Quote | Chart | News | PowerRating -- BMO Bank of Montreal announced today that it is decreasing the rates on the following products by 0.25% to 5.25% effective October 14, 2008:

<< - Homeowner and Small Business Homeowner Readiline Variable rate Instalment portions - Homeowner and Small Business Homeowner Readiline Revolving >>

The change in rate only affects new and renewal applications.

SOURCE: BMO Bank of Montreal

SOURCE: BMO Financial Group

Media Relations Contacts: Jodi Salem, Toronto, jodi.salem@bmo.com, (416) 867-3996; Lucie Gosselin, Montreal, lucie.gosselin@bmo.com, (514) 877-1101; Laurie Grant, Vancouver, laurie.grant@bmo.com, (604) 665-7596

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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