Adjustable rate mortgages
A. protect households against higher mortgage payments when interest rates rise.
B. keep financial institutions' earnings high even when interest rates are falling.
C. benefit homeowners when interest rates are falling.
D. generally have higher initial interest rates than on conventional fixed-rate mortgages.
Answer:C
Adjustable rate mortgages
A. protect households against higher mortgage payments when interest rates rise. B. keep financial institutions' earnings high even when interest rates are falling. C. benefit homeowners when interest rates are falling. D. generally have higher initial interest rates than on conventional fixed-rate mortgages.