Cheaper 10 year mortgage money is here

August 01, 2008 | 9 : 52 AM
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CMHC announced that it is expanding the very popular Canada Mortgage Bond Program to include 10 year bonds.  The Canada Mortgage Bond was created to bring greater liquidity to the markets as well as cheaper borrowing rates for lenders which of course get passed on to consumers.  With cheaper 10 year mortgage money coming, you may see more consumers opt for this strategy given the turbulent waters ahead as we navigate rising inflation over the next 12 to 18 months. 

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