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Higher interest rates: Are we there yet?Current BMO Mortgage Rates ; 1-year fixed closed, %, % ; 2-year fixed closed, %, % ; 3-year fixed closed, %, % ; 3-year. From November 1, to February 28, (the �Promotion Period�), earn a promotional interest rate of % (the �Total Promotional Rate�). Today's Special Mortgage Rates ; 3 Year Fixed � Amortization � % ; 5 Year Smart Fixed � Default insured mortgage � % ; 5 Year Smart Fixed � Amortization � %.