TORONTO, Jan. 20 /CNW/ - CIBC (CM: TSX; NYSE) today announced the
following changes in mortgage rates:

    Six-month convertible    5.20 per cent, down .70 per cent

    Six-month open           7.25 per cent, down .70 per cent

    One-year open            7.45 per cent, down .80 per cent

    One-year closed          5.00 per cent, down .60 per cent

    Two-year closed          5.75 per cent, down .50 per cent

    Three-year closed        5.75 per cent, down .50 per cent

    Four-year closed         5.69 per cent, down .40 per cent

    Five-year closed         5.79 per cent, down .96 per cent

    Seven-year closed        7.00 per cent, down .20 per cent

    10-year closed           7.30 per cent, down .05 per cent

    These rates are effective Jan 21, 2009.