A fixed interest rate mortgage exposes the homeowner to fluctuations in home prices.

Name: A fixed interest rate mortgage exposes the homeowner to fluctuations in home prices.
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Question

Quizplus · Accepted Answer

A fixed interest rate mortgage locks in a specific interest rate for the life of the loan, but it does not expose the homeowner to fluctuations in home prices. The homeowner's equity may rise or fall with changes in the housing market, but this is not directly related to the type of mortgage they have.

A Fixed Interest Rate Mortgage Exposes the Homeowner to Fluctuations