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As compared to the second quarter of 2006, interest expense reflects decreases in rates on the Company's variable rate debt, primarily due to the refinance of our senior variable rate mortgage and revolving credit mortgage facility, as discussed below. In addition to the availability of a grant, eligible first time home buyers will also receive special discounted rates on fixed or variable rate mortgage products in conjunction with the program. Completed a two-year variable rate mortgage for $62. |
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