CIBC CHANGES MORTGAGE RATES

TORONTO, Aug. 23 /CNW/ - CIBC (CM: TSX; NYSE) today announced the following changes in mortgage rates:

    
    Six-month convertible    4.55 per cent, N/C

    Six-month open           6.70 per cent, N/C

    One-year open            6.45 per cent, N/C

    One-year closed          3.30 per cent, N/C

    Two-year closed          3.55 per cent, N/C

    Three-year closed        4.20 per cent, N/C

    Four-year closed         5.04 per cent, down 0.10 per cent

    Five-year closed         5.39 per cent, down 0.10 per cent

    Seven-year closed        6.55 per cent, N/C

    10-year closed           6.60 per cent, N/C
    

These rates are effective Aug 24, 2010.

For further information: Rob McLeod, [phone]