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BMO to let special 5-year mortgage rate lapse


Blog by Brad Herman | March 27th, 2013


Bank of Montreal (BMO-T 64.19 0.00 0.00%) will not extend its 2.99 percent five-year fixed mortgage rate offer past its expiry on March 28, with the country’s lenders under pressure from Finance Minister Jim Flaherty not to engage in a mortgage price war.
http://www.bnn.ca/News/2013/3/26/Amid-pressure-from-Ottawa-BMO-to-let-special-5-year-mortgage-rate-lapse-.aspx#.UVLuNyH03rI.facebook