TORONTO, June 25 /CNW/ - CIBC (CM: TSX; NYSE) today announced the following changes in mortgage rates:

Six-month convertible     4.85 per cent, down 0.10 per cent
    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, down 0.10 per cent
    Two-year closed           3.95 per cent, down 0.10 per cent
    Three-year closed         4.60 per cent, down 0.10 per cent
    Four-year closed          5.54 per cent, down 0.10 per cent
    Five-year closed          5.89 per cent, down 0.10 per cent
    Seven-year closed         6.95 per cent, down 0.10 per cent
    10-year closed            7.00 per cent, down 0.10 per cent

    These rates are effective Saturday, June 26, 2010.