CIBC changes mortgage rates

TORONTO, May 10 /CNW/ - CIBC (CM: TSX; NYSE) today announced the following changes in mortgage rates:

    
    Six-month convertible          4.95 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                3.70 per cent, down 0.10 per cent

    Two-year closed                4.05 per cent, down 0.10 per cent

    Three-year closed              4.70 per cent, down 0.15 per cent

    Four-year closed               5.64 per cent, down 0.10 per cent

    Five-year closed               6.10 per cent, down 0.15 per cent

    Seven-year closed              7.05 per cent, no change

    10-year closed                 7.10 per cent, down 0.10 per cent
    

These rates are effective Tuesday, May 11, 2010.

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