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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,
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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