felandisbrunson54 felandisbrunson54

12-05-2024
Business

Answered

True of False: People who take out fixed-rate mortgages are less likely to
default than those who take out adjustable-rate mortgages.
Choose only ONE best answer.
A
True
B
False

Answer :

GinnyAnswer GinnyAnswer

12-05-2024

Final answer:

Adjustable-rate mortgages do not inherently lead to higher default rates compared to fixed-rate mortgages.

Explanation:

False: People who take out adjustable-rate mortgages are not necessarily more likely to default than those who take out fixed-rate mortgages. The likelihood of default depends on various factors such as the borrower's financial situation, economic conditions, and future interest rate changes.

Learn more about mortgage types and default rates here:

https://brainly.com/question/36127796

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