TORONTO, Dec. 11 /CNW/ - CIBC (CM: TSX; NYSE) today announced the
following changes in mortgage rates:Six-month convertible     5.90 per cent, down .20 per cent
    Six-month open            7.95 per cent, unchanged
    One-year open             8.25 per cent, unchanged
    One-year closed           5.60 per cent, unchanged
    Two-year closed           6.25 per cent, down .20 per cent
    Three-year closed         6.25 per cent, down .20 per cent
    Four-year closed          6.09 per cent, down .20 per cent
    Five-year closed          6.75 per cent, down .20 per cent
    Seven-year closed         7.20 per cent, down .20 per cent
    10-year closed            7.35 per cent, down .20 per cent

    These rates are effective December 12, 2008.