Today’s Best BMO Mortgage Rates

Current mortgage rates from the Bank of Montreal (BMO) are updated daily, with the prime rate recently lowered to 6.45%. BMO offers both posted and discounted rates, with the latter typically being more favorable. Borrowers can choose between fixed and variable rates, each with its own advantages and risks. To secure the best rates, it's advisable to raise your credit score, make a larger down payment, and shop around. Pre-approval for a mortgage at BMO is essential for establishing a budget and involves providing financial documentation.