CIBC changes mortgage rates

TORONTO, May 21 /CNW/ - CIBC (CM: TSX; NYSE) today announced the

following changes in mortgage rates:

    
    Six-month convertible       4.95 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             3.70 per cent, no change

    Two-year closed             4.05 per cent, no change

    Three-year closed           4.70 per cent, no change

    Four-year closed            5.64 per cent, no change

    Five-year closed            5.99 per cent, down 0.11 per cent

    Seven-year closed           7.05 per cent, no change

    10-year closed              7.10 per cent, no change
    

These rates are effective Saturday, May 22, 2010.

SOURCE CIBC

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


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890