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CIBC changes mortgage rates
TORONTO, June 10 /CNW/ - CIBC (CM: TSX; NYSE) today announced the following changes in mortgage rates:Six-month convertible 4.60 per cent, down .15 per cent Six-month open 6.80 per cent, unchanged One-year open 7.00 per cent, unchanged One-year closed 3.75 per cent, down .15 per cent Two-year closed 4.05 per cent, unchanged Three-year closed 4.55 per cent, up .40 per cent Four-year closed 5.24 per cent, up .40 per cent Five-year closed 5.85 per cent, up .40 per cent Seven-year closed 6.70 per cent, unchanged 10-year closed 6.80 per cent, unchanged These rates are effective Thursday, June 11, 2009.
For further information:
For further information: Doug Maybee at (416) 980-7458 or doug.maybee@cibc.com