TORONTO, March 30 /CNW/ - CIBC (CM: TSX; NYSE) today announced the following changes in mortgage rates:

Six-month convertible 4.65 per cent, no change

Six-month open 6.70 per cent, no change

One-year open 6.45 per cent, no change

One-year closed 3.60 per cent, no change

Two-year closed 3.75 per cent, no change

Three-year closed 4.35 per cent, up 0.20 per cent

Four-year closed 5.34 per cent, up 0.40 per cent

Five-year closed 5.85 per cent, up 0.60 per cent

Seven-year closed 6.65 per cent, no change

10-year closed 6.80 per cent, no change

These rates are effective Wednesday, March 31, 2010.