Other Factors Being Equal,fixed-Rate Mortgages Will Have Higher Interest Rates

question 50

True/False

Other factors being equal,fixed-rate mortgages will have higher interest rates initially than adjustable-rate mortgages.

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Definitions:

Legislation

Laws enacted by a governmental body, such as statutes or acts, established to regulate, authorize, sanction, grant, declare, or restrict.

Mediator

A neutral third party who facilitates discussion between parties to a dispute to encourage and assist their coming to an agreement; sometimes referred to as a conciliator.

Agreement

A mutual understanding or arrangement between two or more parties, usually establishing a legal obligation.

Administrative Tribunals

Specialized dispute adjudication forums created by statute, that have been given quasi-judicial powers to resolve disputes and enforce legislation.