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At a given point in time, the interest rate offered on a new

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At a given point in time, the interest rate offered on a new fixed-rate mortgage is typically _______ the initial interest rate offered on a new adjustable-rate mortgage.



a. below

b. above

c. equal to

d. none of these

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3. An institution that
(Points: 1)
An institution that originates and holds a fixedrate mortgage is adversely affected by _______ interest rates; the borrower who was provided the mortgage is adversely affected by _______ interest rates.



a. stable; decreasing

b. increasing; stable

c. increasing; decreasing

d. decreasing; increasing
Hi

The answer is
2 b. above
3 c. increasing; decreasing

Regards

Linda
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