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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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