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Alexis wants to buy a large home relative to her income and thinks that she may not qualify for a mortgage for 80 percent of

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Alexis wants to buy a large home relative to her income and thinks that she may not qualify for a mortgage for 80 percent of the price. She expects interest rates to rise and anticipates staying in the home for many years. Explain the strengths and weaknesses of fixed- versus variable-rate mortgages for her. Indicate which one you would select and why

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