CIBC changes mortgage rates

TORONTO, Nov. 19 /CNW/ - CIBC (CM: TSX; NYSE) today announced the following changes in mortgage rates:

    
    Six-month convertible       4.65 per cent, no change

    Six-month open              6.70 per cent, no change

    One-year open               6.45 per cent, no change

    One-year closed             3.60 per cent, down 0.20 per cent

    Two-year closed             3.75 per cent, down 0.20 per cent

    Three-year closed           4.25 per cent, down 0.20 per cent

    Four-year closed            5.19 per cent, down 0.10 per cent

    Five-year closed            5.59 per cent, down 0.25 per cent

    Seven-year closed           6.65 per cent, down 0.15 per cent

    10-year closed              6.80 per cent, down 0.15 per cent
    

These rates are effective Friday, November 20, 2009.

SOURCE CIBC

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


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