CIBC CHANGES MORTGAGE RATES

TORONTO, Feb. 7 /CNW/ - CIBC (CM: TSX; NYSE) today announced the following changes in mortgage rates:

Six-month convertible  4.45 per cent, N/C
Six-month open   6.70 per cent, N/C
One-year open   6.35 per cent, N/C
One-year closed    3.50 per cent, up 0.15 per cent
Two-year closed   3.75 per cent, up 0.15 per cent
Three-year closed   4.35 per cent, up 0.20 per cent
Four-year closed   5.14 per cent, up 0.20 per cent
Five-year closed   5.44 per cent, up 0.25 per cent
Seven-year closed   6.70 per cent, up 0.25 per cent
10-year closed   6.75 per cent, up 0.25 per cent

These rates are effective Feb. 8, 2011.

SOURCE CIBC

For further information:

Rob McLeod (416) 980-3714


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