CIBC changes mortgage rates

TORONTO, Aug. 4 /CNW/ - CIBC (CM: TSX; NYSE) today announced the following changes in mortgage rates:

Six-month convertible 4.55 per cent, down 0.20 per cent

Six-month open 6.70 per cent, N/C

One-year open 6.45 per cent, N/C

One-year closed 3.30 per cent, down 0.20 per cent

Two-year closed 3.65 per cent, down 0.20 per cent

Three-year closed 4.30 per cent, down 0.20 per cent

Four-year closed 5.24 per cent, down 0.20 per cent

Five-year closed 5.59 per cent, down 0.20 per cent

Seven-year closed 6.65 per cent, down 0.20 per cent

10-year closed 6.70 per cent, down 0.20 per cent

These rates are effective Aug 5, 2010.

For further information: Rob McLeod, [phone]