CIBC changes mortgage rates

TORONTO , Oct. 13 /CNW/ - CIBC (CM: TSX; NYSE) today announced the following changes in mortgage rates:

    
    Six-month convertible    4.65 per cent, up 0.10 per cent

    Six-month open           6.70 per cent, up 0.10 per cent

    One-year open            6.45 per cent, up 0.10 per cent

    One-year closed          3.80 per cent, up 0.10 per cent

    Two-year closed          3.95 per cent, up 0.10 per cent

    Three-year closed        4.45 per cent, up 0.10 per cent

    Four-year closed         5.29 per cent, up 0.35 per cent

    Five-year closed         5.84 per cent, up 0.35 per cent

    Seven-year closed        6.80 per cent, up 0.20 per cent

    Ten-year closed          6.95 per cent, up 0.20 per cent
    

These rates are effective Wednesday, October 14, 2009 .

For further information: Doug Maybee at [phone] or [email protected]