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During a period when interest rates are very low by historical standards and are expected to increase substantially over time, individuals should choose an ARM
During a period when interest rates are very low by historical standards and are expected to increase substantially over time, individuals should choose
an ARM with a rate that adjusts every year for five years and then converts to a fixed rate. | ||
an ARM with a rate that adjusts after three years. | ||
an ARM that adjusts after one year. | ||
a fixed-rate mortgage. |
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