Borrower pays off the mortgage is fixed rate mortgage

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True or False: Lower mortgage rates translate into lower monthly payments for mortgagors. This enables peole to save more of their income or use income for services and products other than housing.

True or False: If you buy a home all of your mortgage payments you make will increase the value of your equity in the home by that same amount.

True or false: Inflation reduces the real interest rate a borrower pays off the mortgage is a fixed rate mortgage.

Reference no: EM131595835

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