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Mortgage interest rates are relatively low due to competition among various institutions that want to make mortgage loans. In addition to keeping interest rates low,

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Mortgage interest rates are relatively low due to competition among various institutions that want to make mortgage loans. In addition to keeping interest rates low, the competition has resulted in a variety of terms and options for mortgage loans. For example, borrowers may choose to obtain a 30-year fixed-rate loan or an adjustable- rate loan that has its interest rate tied to the Treasury bill rate a. TRUE b. FALSE

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