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If the current interest environment is high, lenders tend to prefer ________ ; while borrowers tend to prefer ________. ARM; fixed-rate mortgage ARM; ARM fixed-rate

If the current interest environment is high, lenders tend to prefer ________ ; while borrowers tend to prefer ________.

ARM; fixed-rate mortgage

ARM; ARM

fixed-rate mortgage; fixed-rate mortgage

fixed-rate mortgage; ARM

None of these choices are correct.

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