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Paying Off Your House Early is a Mistake (According to the MATH)Current BMO Mortgage Rates ; 3-year fixed closed, %, % ; 3-year variable open, %, % ; 4-year fixed closed, %, % ; 5-year. What this means: BMO offered around the median mortgage rate of % and a median total loan cost of $6, to borrowers in BMO. Explore mortgage loan types, current rates, and calculate your monthly payments. BMO will help you get the mortgage that works for you.