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Adjustable-Rate Mortgages Are Attractive to Many Homebuyers Because These Mortgages

Question 29

Multiple Choice

Adjustable-rate mortgages are attractive to many homebuyers because these mortgages start out with a _____ interest rate and then _____ in later years.


A) low; adjust upward
B) low; stay the same
C) high; stay the same
D) high; adjust upward

Correct Answer:

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