TORONTO, June 2 /CNW/ - CIBC (CM: TSX; NYSE) today announced the
following changes in mortgage rates:Six-month convertible    4.75 per cent, unchanged
    Six-month open           6.80 per cent, unchanged
    One-year open            7.00 per cent, unchanged
    One-year closed          3.90 per cent, unchanged
    Two-year closed          4.05 per cent, unchanged
    Three-year closed        4.15 per cent, unchanged
    Four-year closed         4.84 per cent, unchanged
    Five-year closed         5.45 per cent, up .20 per cent
    Seven-year closed        6.70 per cent, up .20 per cent
    10-year closed           6.80 per cent, up .20 per cent

    These rates are effective Wednesday, June 3, 2009.