Which statement about adjustable-rate mortgages is true?

Question

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Adjustable-rate mortgages often offer lower interest rates during the initial period of the loan, usually the first year, compared to fixed-rate mortgages. This is because lenders are taking less risk by offering an initial low rate before adjusting it to market rates. Option A is not true as interest rates on adjustable-rate mortgages can change over the life of the mortgage. Option B is not necessarily true as adjustable-rate mortgages can be attractive to buyers with various income levels. Option D is not always true as interest rates on fixed mortgages may remain lower than the adjusted rates on an adjustable-rate mortgage.

Which Statement About Adjustable-Rate Mortgages Is True