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Refer to the mortgage data below, observed on Feb 16, 2018, and provide a detailed explanation for each of the pair-wise mortgage rate differences for

Refer to the mortgage data below, observed on Feb 16, 2018, and provide a detailed explanation for each of the pair-wise mortgage rate differences for these three mortgages.

Interest rate

5.14%5 years closed fixed

2.95%5 years closed variable

4.6% 5 years open variable

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