TORONTO, June 20 /CNW/ - CIBC today announced the following changes in
mortgage rates:Six months convertible      6.75 per cent, N/C

    Six months open             8 .55 per cent, N/C

    One year open               9.20 per cent, down .05 per cent

    One year closed             7.05 per cent, down .05 per cent

    Two year closed             7.30 per cent, down .10 per cent

    Three year closed           7.30 per cent, down .20 per cent

    Four year closed            7.30 per cent, down .20 per cent

    Five year closed            7.24 per cent, down .20 per cent

    Seven year closed           7.55 per cent, down .15 per cent

    10 year closed              8.00 per cent, down .15 per cent

    These rates are effective June 21, 2007.