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The market-determined interest rate that is the moving part in an adjustable rate mortgage is more commonly referred to as the: teaser rate index rate
The market-determined interest rate that is the "moving part" in an adjustable rate mortgage is more commonly referred to as the: teaser rate index rate cap rate margin A comparable property sold 4 months ago for $287,000. If the appropriate adjustment for market conditions is -0.50% per month (without compounding), what would be the adjusted price of the comparable property assuming all else is the same between the two properties? $269,780.00 $281,260.00 $292,740.00 $285,565.00
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