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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.