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Mortgage Interest Rate Update with BMO's #1 Mortgage SpecialistCurrent BMO variable mortgage rates ; 3-year (open). %. % ; 5-year (closed). %. %. For example, the 5-year fixed closed posted mortgage rate is currently %, while the 5-year smart fixed closed posted mortgage rate is %. BMO Mortgage Rates ; %. 5-yr Fixed ; %. 5-yr Variable ; %. 3-yr Fixed.