Some adjustable-rate mortgages (ARMs)contain an option clause that allows mortgage holders to switch to a fixed-rate mortgage within a specified period.
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Q24: _ risk is the risk that a
Q25: The difference between the 30-year mortgage rate
Q26: Mortgage lenders normally charge a higher initial
Q27: A mortgage contract specifies
A)the interest rate.
B)the collateral
Q28: A financial institution may service a mortgage
Q30: _ economic growth will probably _ the
Q31: Which of the following was a major
Q32: _ mortgages enable more people with relatively
Q33: Mortgage-backed securities are assigned ratings by
A)rating agencies.
B)the
Q34: An adjustable-rate mortgage increases interest rate risk
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