TORONTO, July 5, 2011 /CNW/ - CIBC (TSX: CM); (NYSE: CM) today announced the following changes in mortgage rates:

Six-month convertible 4.45 per cent, N/C

Six-month open  6.70 per cent, N/C

One-year open  6.35 per cent, N/C

One-year closed   3.60 per cent, up 0.10 per cent

Two-year closed  3.95 per cent, up 0.10 per cent

Three-year closed  4.45 per cent, up 0.10 per cent

Four-year closed  5.14 per cent, up 0.15 per cent

Five-year closed  5.54 per cent, up 0.15 per cent

Seven-year closed  6.80 per cent, up 0.15 per cent

10-year closed  6.90 per cent, up 0.15 per cent

These rates are effective July 6, 2011.