CIBC changes mortgage rates

TORONTO, Dec. 9 /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, no change
    Two-year closed          3.75 per cent, no change
    Three-year closed        4.25 per cent, no change
    Four-year closed         5.14 per cent, down 0.05 per cent
    Five-year closed         5.49 per cent, down 0.10 per cent
    Seven-year closed        6.65 per cent, no change
    10-year closed           6.80 per cent, no change
    

These rates are effective Thursday, December 10, 2009.

SOURCE CIBC

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


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