TORONTO, ONTARIO — (Marketwire) — 08/23/11 — BMO Bank of Montreal today announced it is changing its Variable Closed Residential Mortgage rate, effective August 24, 2011. The new rate is:
(i)The interest rate for a variable rate mortgage is calculated monthly not in advance. The APR for the 5-year variable closed rate term is equal to our Prime Rate minus 0.00%.
Rates are subject to change without notice.
Contacts:
For News Media Enquiries:
Matthew Duffin, Toronto
(416) 867-3996
Ronald Monet, Montreal
(514) 877-1873
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