Interest rates are usually lower for fixed rate mortgages than for other types.

Name: Interest rates are usually lower for fixed rate mortgages than for other types.
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Fixed rate mortgages often have higher interest rates than the initial rates of adjustable-rate mortgages (ARMs) or other types of variable-rate loans, because they provide the stability of a constant interest rate over the life of the loan.

Interest Rates Are Usually Lower for Fixed Rate Mortgages Than