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Mortgage Interest Rate Update with BMO's #1 Mortgage SpecialistCurrent BMO Mortgage Rates ; 3-year fixed closed, %, % ; 3-year variable open, %, % ; 4-year fixed closed, %, % ; 5-year. Looking to buy a home, switch your mortgage, or renew? You're in the right place. Compare mortgage rates, get pre-approved and explore your options at BMO. Current BMO fixed mortgage rates ; 1-year (open). %. % ; 2-year. %. % ; 3-year. %. % ; 4-year. %. %.