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.

Question

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Fixed-rate mortgages generally have higher initial interest rates compared to adjustable-rate mortgages because they offer long-term interest rate stability, while adjustable-rate mortgages start with lower rates that can change over time.

At a Given Point in Time, the Interest Rate Offered