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Best Bank In Canada To Get A Mortgage - Part 1Apply for a BMO Mortgage, talk to an expert, call a home advisor, find a local mortgage specialist. Prime Rate. BMO's mortgage prime rate is currently %. Rate Vs. APR. The posted interest rate is the rate that BMO advertises openly. Below you'll find the best mortgage rates from BMO. Be sure to compare rates between lenders to get the best product for you.