With the Recent Popularity of Adjustable-Rate Mortgages (ARM), Lenders Have

Multiple Choice

With the recent popularity of adjustable-rate mortgages (ARM) , lenders have begun to offer ARMs with different adjustment periods. Which of the following ARM choices will most likely have the highest initial rate?

A) Three-year-one-year ARM
B) Five-year-one-year ARM
C) Seven-year-one-year ARM
D) Ten-year-one-year ARM