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

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asked Jul 11, 2019 169k views

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AlexLarra · Answer 1 · 2019-07-17T08:50:10+0000

The difference between a fixed rate and an adjustable rate mortgage is that, for fixed rates the interest rate is set when you take out the loan and will not change. With an adjustable rate mortgage, the interest rate may go up or down.

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

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