THE DAVISVILLE & LEASIDE INSIDER

THE DAVISVILLE & LEASIDE INSIDER

Wednesday, April 14, 2010

CIBC latest to hike mortgage rate

CIBC hiked many of its residential mortgage rates by 25 basis points on Wednesday, a day after Royal Bank and the Bank of Nova Scotia both raised their rates by the same amount.

A five-year closed mortgage will now come with an annualized interest rate of 6.10%, effective April 15.

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