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Business, 08.04.2020 03:20 tlecuyer

To encourage borrowers to accept adjustable rate mortgages (ARMs) rather than level-payment mortgages, mortgage originators generally offer an initial short-term introductory rate that is less than the prevailing market mortgage rate. This rate is referred to as a(n) .A. margin rate
B. teaser rate
C. index rate
D. discount rate

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To encourage borrowers to accept adjustable rate mortgages (ARMs) rather than level-payment mortgage...
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