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

Question 87

Multiple Choice

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

A) low; adjusts upward
B) low; stays the same
C) high; stays the same
D) high; adjusts upward

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