BMO Bank of Montreal Lowers Mortgage Rates

TORONTO, Feb. 15 /CNW/ - BMO Bank of Montreal announced today it is
decreasing its residential mortgage rates, effective February 16, 2008. The
new rates are:
Fixed Rates:                     To:                 Change:
6 month open                   8.90%            0.00%
6 month convertible        7.10%             0.00%
1 year open                       9.40%            -0.10%
1 year closed                     7.25%            -0.10%
2 year                                7.30%            -0.10%
3 year                                7.30%             -0.10%
4 year                                7.19%             -0.20%
5 year                                7.29%             -0.10%
6 year                                7.45%             -0.10%
7 year                                7.65%             -0.05%
10 year                              8.00%            -0.05%
18 year open                    9.20%               0.00%

(The interest on fixed-rate mortgages compounds semi-annually, not in advance.)

The Five-Year Protected Variable Rate ceiling changes to 7.29%.

Special Offers(*)
To:         Change:
3 year (fixed/closed)     6.23%     - 0.10%
5 year (fixed/closed)     6.23%     -0.10%
7 year (fixed/closed)     6.38%     -0.05%

Homeowner ReadiLine(R)
5-year variable rate closed term 5.50% 0.00%

(*) These special discounted rates are not the posted rates of BMO Bank
of Montreal. Rates are subject to change without notice. Offer may be
withdrawn or extended without notice. Mortgage funds must be advanced
within 90 days of the application