(June 2 -12:25 ET) – CIBC today announced the following decreases in mortgage rates:
Six month convertible, 8.35%, no change
Six month open, 8.80%, no change
One year open, 8.90%, no change
One year closed, 8.10%, down .20%
Two year closed, 8.20%, down .25%
Three year closed, 8.30%, down .25%
Four year closed, 8.40%, down .30%
Five year closed, 8.45%, down .30%
Seven year closed, 8.70%, down .25%
10 year closed, 8.90%, down .25%
These rates are effective June 3,2000.
-IE Staff
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