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CIBC changes mortgage rates
TORONTO, April 28 /CNW/ - CIBC (CM: TSX; NYSE) today announced the following changes in mortgage rates:Six-month convertible 4.75 per cent, down .30 per cent Six-month open 6.80 per cent, down .30 per cent One-year open 7.00 per cent, down .30 per cent One-year closed 3.90 per cent, down .45 per cent Two-year closed 4.05 per cent, down .75 per cent Three-year closed 4.15 per cent, down .80 per cent Four-year closed 4.84 per cent, down .30 per cent Five-year closed 5.25 per cent, down .20 per cent Seven-year closed 6.50 per cent, unchanged 10-year closed 6.60 per cent, unchanged These rates are effective Wednesday, April 29, 2009.
For further information:
For further information: Doug Maybee at (416) 980-7458 or doug.maybee@cibc.com