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Bank of Montreal Cuts Exposure to Ultra-Long Mortgages in CanadaThe change affects a five-year fix-term mortgage, which will have a posted rate of per cent, down from per cent. Trending Now. If you're on the house hunt this month, you're in luck - Bank of Montreal has brought back their ultra discounted % 5 year fixed mortgage rate. This morning, TD and CIBC chopped their advertised 5-year fixed specials by 32 basis points (to %) and 30 bps (to %), respectively.
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