TORONTO, Aug. 12 /CNW/ - CIBC (CM: TSX; NYSE) today announced the
following changes in mortgage rates:Six-month convertible                6.74 per cent, down .25 per cent

    Six-month open                       8.74 per cent, down .25 per cent

    One-year open                        8.80 per cent, down .30 per cent

    One-year closed                      6.65 per cent, down .30 per cent

    Two-year closed                      6.70 per cent, down .30 per cent

    Three-year closed                    6.70 per cent, down .30 per cent

    Four-year closed                     6.69 per cent, down .30 per cent

    Five-year closed                     6.85 per cent, down .30 per cent

    Seven-year closed                    7.30 per cent, down .30 per cent

    10-year closed                       7.65 per cent, down .30 per cent

    These rates are effective August 13, 2008.