CIBC changes mortgage rates



    TORONTO, June 10 /CNW/ - CIBC (CM: TSX; NYSE) today announced the   
following changes in mortgage rates:

    
    Six-month convertible                   4.60 per cent, down .15 per cent
    Six-month open                          6.80 per cent, unchanged
    One-year open                           7.00 per cent, unchanged
    One-year closed                         3.75 per cent, down .15 per cent
    Two-year closed                         4.05 per cent, unchanged
    Three-year closed                       4.55 per cent, up .40 per cent
    Four-year closed                        5.24 per cent, up .40 per cent
    Five-year closed                        5.85 per cent, up .40 per cent
    Seven-year closed                       6.70 per cent, unchanged
    10-year closed                          6.80 per cent, unchanged

    These rates are effective Thursday, June 11, 2009.
    





For further information:

For further information: Doug Maybee at (416) 980-7458 or
doug.maybee@cibc.com


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