TORONTO, July 24 /CNW/ - CIBC (CM: TSX; NYSE) today announced the
following changes in mortgage rates:Six-month convertible       6.99 per cent, down .11 per cent

    Six-month open              8.99 per cent, down .16 per cent

    One-year open               9.10 per cent, down .14 per cent

    One-year closed             6.95 per cent, up .55 per cent

    Two-year closed             7.00 per cent, up .45 per cent

    Three-year closed           7.00 per cent, up .45 per cent

    Four-year closed            6.99 per cent, up .15 per cent

    Five-year closed            7.15 per cent, up .20 per cent

    Seven-year closed           7.60 per cent, no change

    10-year closed              7.95 per cent, up .35 per cent

    These rates are effective July 25, 2008.