At a given point in time, the interest rate offered on a new fixed-rate mortgage is typically ____ the initial interest rate offered on a new adjustable-rate mortgage.

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The interest rate offered on a new fixed-rate mortgage is typically above the initial interest rate offered on a new adjustable-rate mortgage. This is because fixed-rate mortgages lock in the interest rate for the life of the loan, providing more predictability and security for the borrower, which usually comes at a premium compared to the initially lower rates of adjustable-rate mortgages that can fluctuate over time.

At a Given Point in Time, the Interest Rate Offered