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CIBC changes mortgage rates
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.
For further information:
For further information: Doug Maybee at (416) 980-7458 or doug.maybee@cibc.com