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CIBC Changes Mortgage Rates
TORONTO, Dec. 18 /CNW/ - CIBC (CM: TSX; NYSE) - CIBC today announced the following changes in mortgage rates:Six-month convertible 6.75 per cent, unchanged Six-month open 8.75 per cent, unchanged One-year open 9.60 per cent, unchanged One-year closed 7.45 per cent, up .20 per cent Two-year closed 7.55 per cent, up .20 per cent Three-year closed 7.55 per cent, up .20 per cent Four-year closed 7.55 per cent, up .20 per cent Five-year closed 7.54 per cent, up .20 per cent Seven-year closed 7.85 per cent, up .20 per cent 10-year closed 8.20 per cent, up .20 per cent These rates are effective December 19, 2007.
For further information:
For further information: Doug Maybee at (416) 980-7458 or doug.maybee@cibc.com