Which of the Following Statements About Adjustable-Rate Mortgages Is TRUE

question 167

Multiple Choice

Which of the following statements about adjustable-rate mortgages is TRUE?

• A) Interest rates can't change over the life of the mortgage.
• B) Adjustable-rate mortgages are especially attractive to high-income buyers.
• C) Adjustable-rate mortgages usually have interest rates lower than market rates during the first year.
• D) Adjustable-rate mortgages are more attractive when interest rates on fixed mortgages fall.

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