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16 February, 11:24

What is one difference between fixed-rate mortgages and variable-rate mortgages?

A: Variable-rate mortgages usually start at higher interest rates than fixed-rate mortgages.

B: Variable-rate mortgages usually start at lower interest rates than fixed-rate mortgages.

C: Variable-rate mortgages' interest rates remain lower than fixed-rate mortgages throughout the loan term.

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  1. 16 February, 11:41
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    I believe it is letter B. Variable - rate mortgages usually start at lower interest rates than fixed-rate mortgages.
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