CIBC changes mortgage rates

TORONTO, April 14 /CNW/ - CIBC (CM: TSX; NYSE) today announced the following changes in mortgage rates:

Six-month convertible 4.90 per cent, up 0.25 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, no change

Two-year closed 4.00 per cent, up 0.25 per cent

Three-year closed 4.60 per cent, up 0.25 per cent

Four-year closed 5.59 per cent, up 0.25 per cent

Five-year closed 6.10 per cent, up 0.25 per cent

Seven-year closed 6.90 per cent, up 0.25 per cent

10-year closed 7.05 per cent, up 0.25 per cent

These rates are effective Thursday, April 15, 2010.

For further information: Doug Maybee at [phone] or [email protected]