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CIBC changes mortgage rates

    TORONTO, May 18 /CNW/ - CIBC today announced the following changes in
mortgage rates:Six months convertible      6.50 per cent, N/C
    Six months open             8.30 per cent, N/C
    One year open               8.90 per cent, up .15 per cent
    One year closed             6.75 per cent, up .15 per cent
    Two year closed             6.95 per cent, up .25 per cent
    Three year closed           6.95 per cent, up .25 per cent
    Four year closed            6.90 per cent, up .20 per cent
    Five year closed            6.84 per cent, up .20 per cent
    Seven year closed           7.15 per cent, up .20 per cent
    10 year closed              7.60 per cent, up .10 per cent

    These rates are effective May 19, 2007.
For further information:
For further information: Rob McLeod, (416) 980-3714

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