CIBC decreases mortgage rates

(February 25 – 18:00 ET) – CIBC has announced the following decreases in mortgage rates:

Six month convertible: No change
Six month open: N/C
One year open: N/C
One year closed: N/C
Two year closed: 7.95 per cent, down .15 per cent
Three year closed: 8.15 per cent, down .15 per cent
Four year closed: 8.30 per cent, down .15 per cent
Five year closed: 8.35 per cent, down .20 per cent
Seven year closed: 8.60 per cent, down .20 per cent
Ten year closed: 8.90 per cent, down .20 per cent