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Business, 06.08.2019 02:30 AutumnJoy12

Afixed-rate mortgage has the same interest rate over the life of the loan, whether the mortgage is for 15 or 30 years. by contrast, an adjustable-rate mortgage changes with market interest rates over the life of the mortgage. if inflation falls unexpectedly by 3%, what would likely happen to a homeowner with an adjustable-rate mortgage?

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