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What is a blended mortgage rate?
O
A. The actual interest rate paid, with both mortgage rates taken into
consideration
O
B. A fixed mortgage rate offered on the ARM loans
O
C. An interest rate paid on the down payment
O
D. The average of the two mortgage rates
SUBMIT

Respuesta :

A blended mortgage rate can be used to explain the average of the two mortgage rates.

What is mortgage?

The term mortgage has to do with a loan arrangement in which the creditor is free to take possession of a person's property if borrower person fails to repay the loan as well as its interest.

Thus, a blended mortgage rate can be used to explain the average of the two mortgage rates.

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