Question

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

Variable–rate mortgages usually start at higher interest rates than fixed–rate mortgages.
Variable–rate mortgages usually start at lower interest rates than fixed–rate mortgages.
Interest rates remain lower on variable–rate mortgages than on fixed–rate mortgages throughout the term of the loan.
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Answer 1

help

Answer 2

B

Answer 3

http://www.investopedia.com/university/mortgage/mortgage2.asp