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Mortgage Rates

Rates for Residential Mortgages


Type* Term Posted Mortgage Rates

APR
Fixed Rate 6 month (convertible) %  
Fixed Rate 6 month (open) %  
Fixed Rate 1 year (closed) %  
Fixed Rate 1 year (open) %  
Fixed Rate 2 year (closed) %  
Fixed Rate 3 year (closed) %
Fixed Rate 4 year (closed) %
Fixed Rate 5 year (closed) %
Fixed Rate 5 year Low Rate (closed) % 3.310%
Fixed Rate 5 year BMO Eco Smart MortgageTM (closed) % Call us for details
Fixed Rate 6 year (closed) %  
Fixed Rate 7 year (closed) %
Fixed Rate 10 year (closed) %
Fixed Rate 10 year Low Rate (closed) %
Fixed Rate 18 year (open) %  
Variable Rate 3 year (open) %  
Variable Rate 5 year (closed) %  

* The interest rate for a fixed rate mortgage is calculated half-yearly, not in advance. The interest rate for a variable rate mortgage is calculated monthly, not in advance. The 3-year variable rate (open) term is equal to our Prime Rate + 1.00% and the 5-year variable rate (closed) term is equal to our Prime Rate + 0.00%. Interest rates are provided for informational purposes only and can change at any time without notice. These interest rates are not applicable to the Homeowner ReadiLine®.

3.31% APR. Available on the 5-year fixed (closed) low rate mortgage. The Annual Percentage Rate (APR) is based on a $350,000 mortgage, 25 year amortization and an appraisal fee of $300, which may be required to complete your lending application. Mortgage funds must be advanced within 90 days from the date of application. Appraisal fees are subject to change. An increase in the appraisal fee may result in an increase to the APR. This offer may be changed, withdrawn or extended at any time without notice. Applications are subject to meeting Bank of Montreal's usual credit criteria. Some conditions may apply. This offer is not available for the regular 5-year fixed (closed) rate mortgage or the Homeowner ReadiLine®.

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Contact a mortgage representative at 1-800-665-9665.
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Mortgage Rates
5 year Low Rate (closed)
%*
Prime Rate
Prime Rate %