When Borrowing Money from a Ban for a Home Mortgage,30

Multiple Choice

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

A) the same as 15 year and 20 year rates.
B) between .5% and 1% lower than 15 year rates.
C) between .5% and 1% higher than 15 year rates.
D) The term of the mortgage has no bearing on rates; only the borrower's credit rating matters.