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If you issue a thrify year fixed rate mortgage to finance the purchase of a home you are locked into this rate for thirty years
If you issue a thrify year fixed rate mortgage to finance the purchase of a home you are locked into this rate for thirty years even if interest rates decline over time. You have know way out of this contract other than default. True False QUESTION 22 The one-year treasury rate is never used as an index for an adjustable rate mortgage because the interest rate that the government pays never changes. True False
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