CIBC lowers mortgage rates



    TORONTO, March 20 /CNW/ - CIBC (CM: TSX; NYSE) - CIBC today announced the
following changes in mortgage rates:

    
    Six-month convertible          7.00 per cent, down .10 per cent

    Six-month open                 8.90 per cent, unchanged

    One-year open                  9.40 per cent, down .10 per cent

    One-year closed                7.15 per cent, down .10 per cent

    Two-year closed                7.20 per cent, down .10 per cent

    Three-year closed              7.20 per cent, down .10 per cent

    Four-year closed               7.04 per cent, down .15 per cent

    Five-year closed               7.19 per cent, down .10 per cent

    Seven-year closed              7.55 per cent, down .10 per cent

    10-year closed                 7.95 per cent, down .10 per cent

    These rates are effective March 21, 2008.
    





For further information:

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


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