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BANK OF MONTREAL RAISES MORTGAGE RATES ACROSS THE BOARD

BANK OF MONTREAL RAISES MORTGAGE RATES ACROSS THE BOARD
 TORONTO, Oct. 1 /CNW/ - Bank of Montreal today announced it is raising its mortgage rates across the board.
 The new rates are:
 variable rate mortgage up 2.0 to 8.25 per cent
 6 month (closed) up 1.85 to 7.75 per cent
 6 month (open) up 1.875 to 8.75 per cent
 1 year (closed) up 1.5 to 7.75 per cent
 1 year (open) up 1.5 to 8.75 per cent
 2 year up 1.375 to 8.25 per cent
 3 year up 1.0 to 8.75 per cent
 4 year up 1.0 to 9.00 per cent
 5 year up .75 to 9.25 per cent
 7 year up .50 to 9.75 per cent
 These new rates are effective Friday, October 2.
 For further information: Lubomyr Kwasnycia (Toronto) (416) 867-7662; Suzanne Michaud (Montreal) (514) 877-1873; Don Peacock (Vancouver) (604) 665-7596
 (BMO.)
 -0- 10/01/92


CO: BANK OF MONTREAL IN: FIN SU: ECO ST: -- c0051 -- X996 10/01/92
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Publication:PR Newswire
Date:Oct 1, 1992
Words:179
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