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CIBC changes mortgage rates
TORONTO, July 14, 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 | 3.50 per cent, down 0.10 per cent |
| Two-year closed | 3.85 per cent, down 0.10 per cent |
| Three-year closed | 4.35 per cent, down 0.10 per cent |
| Four-year closed | 4.99 per cent, down 0.15 per cent |
| Five-year closed | 5.39 per cent, down 0.15 per cent |
| Seven-year closed | 6.65 per cent, down 0.15 per cent |
| 10-year closed | 6.75 per cent, down 0.15 per cent |
These rates are effective July 15, 2011.
For further information:
Rob McLeod (416) 980-3714
