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(Continued from page 17) quarter percentage point by the end of the year and an additional quarter to oneâ€"half percentage point in 1994, maintaining an historic low. Low mortgage rates have been a factor in the success of CMHC‘s First Home Loan Insurance Program (FHLI). A study of 600 CMHC clients who purchased homes using FHLI between May and December 1992, found 69 per cent of respondents would not have been able to FHLI program well used directly to the construction of 14,000 new homes last year. Prior to purchasing their home, 93% of clients rented for an average of 8 years. The use of the First Home Loan Insurance Program was also compared with the Federal Homebuyer‘s Plan allowing Canadians to withdraw up to $20,000 from the RRSP‘s to use towards a down payment. purchase a home without the program. The majority of respondents bought sinâ€" gle, fullyâ€"detached homes, contributing