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What is it for

Actually I wanted to post here some news from mortgage world with minimal comments of a non-professional next-door person.

Hopefully I will have more time doing this,
then will find these notes in 10 years so we'll laugh under them together.

For now Canadian CIBC bank offers 4.4% for 5 years fixed mortgage.
Honestly it's a bit better I have now (4.75% fixed) but my mortgage renewal is in December 2010 so it probably doesn't make sense to switch because the penalty may be higher than possible savings.

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