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CIBC raises mortgage rates

    TORONTO, June 11 /CNW/ - CIBC (CM: TSX; NYSE) today announced the
following changes in mortgage rates:Six-month convertible    7.10 per cent, up .25 per cent

    Six-month open           9.15 per cent, up .25 per cent

    One-year open            9.24 per cent, up .25 per cent

    One-year closed          6.40 per cent, up .25 per cent

    Two-year closed          6.55 per cent, up .40 per cent

    Three-year closed        6.55 per cent, up .40 per cent

    Four-year closed         6.84 per cent, up .25 per cent

    Five-year closed         6.95 per cent, up .30 per cent

    Seven-year closed        7.60 per cent, up .25 per cent

    10-year closed           7.60 per cent, up .15 per cent

    These rates are effective June 12, 2008.
For further information:
For further information: Doug Maybee at (416) 980-7458 or
doug.maybee@cibc.com

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