Adjustable Rate Mortgages Became Increasingly Attractive and Grew as a Percentage

question 59

Multiple Choice

Adjustable rate mortgages became increasingly attractive and grew as a percentage of total outstanding mortgages during 2002 to 2004 because

• A) interest rates were kept artificially low during this period.
• B) interest rates rose sharply during this period.
• C) lending standards were tightened during this period.
• D) housing prices declined during this period.

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