Which Statement About Adjustable-Rate Mortgages Is True

Multiple Choice

Which statement about adjustable-rate mortgages is true?

A) Interest rates cannot 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 their first year.
D) Adjustable-rate mortgages are more attractive when interest rates on fixed mortgages fall.