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CIBC changes mortgage rates
TORONTO, Sept. 26 /CNW/ - CIBC (CM: TSX; NYSE) today announced the following changes in mortgage rates:Six-month convertible 6.74 per cent, no change Six-month open 8.74 per cent, no change One-year open 8.80 per cent, no change One-year closed 6.65 per cent, no change Two-year closed 6.70 per cent, no change Three-year closed 7.05 per cent, up .35 per cent Four-year closed 7.04 per cent, up .35 per cent Five-year closed 7.20 per cent, up .35 per cent Seven-year closed 7.65 per cent, up .35 per cent 10-year closed 8.00 per cent, up .35 per cent These rates are effective September 27, 2008.
For further information:
For further information: Doug Maybee at (416) 980-7458 or doug.maybee@cibc.com