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CIBC lowers mortgage rates up to 20 basis points
TORONTO, April 11 /CNW/ - CIBC (CM: TSX; NYSE) today announced the following changes in mortgage rates:Six-month convertible 6.85 per cent, down .15 per cent Six-month open 8.90 per cent, unchanged One-year open 9.20 per cent, down .20 per cent One-year closed 6.95 per cent, down .20 per cent Two-year closed 7.00 per cent, down .20 per cent Three-year closed 7.00 per cent, down .20 per cent Four-year closed 6.85 per cent, down .19 per cent Five-year closed 6.99 per cent, down .20 per cent Seven-year closed 7.35 per cent, down .20 per cent 10-year closed 7.75 per cent, down .20 per cent These rates are effective April 12, 2008.
For further information:
For further information: Doug Maybee at (416) 980-7458 or doug.maybee@cibc.com