CIBC changes mortgage rates

TORONTO, Aug. 16 /CNW/ - CIBC (CM: TSX; NYSE) today announced the following changes in mortgage rates:

    
    Six-month convertible          4.55 per cent, N/C

    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, N/C

    Two-year closed                3.55 per cent, down 0.10 per cent

    Three-year closed              4.20 per cent, down 0.10 per cent

    Four-year closed               5.14 per cent, down 0.10 per cent

    Five-year closed               5.49 per cent, down 0.10 per cent

    Seven-year closed              6.55 per cent, down 0.10 per cent

    10-year closed                 6.60 per cent, down 0.10 per cent
    

These rates are effective Aug 17, 2010.

For further information: Rob McLeod, [phone]