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BMO Reports Rising Mortgage Delinquencies \u0026 Loan Losses - What It Means for the EconomyCurrent BMO fixed mortgage rates � 1-year (open). %. % � 2-year. %. % � 3-year. %. % � 4-year. %. % � 5-year. BMO's mortgage prime rate is currently %. Rate Vs. APR. The posted interest rate is the rate that BMO advertises openly. The APR, or annual. What this means: BMO offered around the median mortgage rate of % and a median total loan cost of $6, to borrowers in BMO.