When Borrowing Money from a Bank for a Home Mortgage

Multiple Choice

When borrowing money from a bank for a home mortgage, 30-year interest rates are generally

A) the same as 15-year and 20-year rates.
B) lower than 15-year rates.
C) higher than 15-year rates.
D) The term of the mortgage has no bearing on rates; only the borrower's credit rating matters.