Adjustable Rate Mortgages Became Increasingly Attractive and Grew as a Percentage

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.