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CIBC current prime rate RDS%rate.PRIME.Published(null,null,null,null)(#O2#)% as of RDS%SYSTEM_DATE(#M# #d#, #Y#)%
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Fixed rate mortgages
CIBC Fixed Rate Closed Mortgages
The security of a fixed interest rate, so you always know exactly what your payments will be.
CIBC High-Ratio Mortgage
If your down payment is less than 20% of the property value, your mortgage is high-ratio and you need to buy mortgage default insurance.
CIBC Fixed Rate Open Mortgages
The security of a fixed interest rate and the flexibility to pay off as much of your mortgage as you want, when you want.
A short-term closed mortgage with a fixed interest rate and the flexibility to convert to a long-term closed mortgage at any time.
Variable rate mortgages
A low variable interest rate with the flexibility of annual prepayments of up to 20% without paying a prepayment charge3.
CIBC Variable Rate Open Mortgage
A set monthly mortgage payment. If the CIBC Prime rate goes down, more of your payment goes to the principal. If the rate rises, more of your payment goes to interest.
Advice and resources
What is a Fixed Rate Mortgage?
i (APR RDS%rate.FRCM.Published(5_null_null_Years_T,null,2,null)(#O2#)%)
ii (APR RDS%rate.FRCM.Published(7_null_null_Years_T,null,2,null)(#O2#)%)
iii (APR RDS%rate.5YRVARCLO.Published(5_null_null_Years_T,null,2,null)(#O2#)%)