A financial institution has a higher degree of interest rate risk on a ____ than a ____.
A) 30-year fixed-rate mortgage; 15-year fixed-rate mortgage
B) 30-year variable-rate mortgage; 30-year fixed-rate mortgage
C) 15-year fixed-rate mortgage; 30-year fixed-rate mortgage
D) 15-year variable-rate mortgage; 15-year fixed-rate mortgage
Correct Answer:
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Q1: Rates for adjustable-rate mortgages are commonly tied
Q2: Caps on mortgage rate fluctuations with adjustable-rate
Q3: The interest rate on a second mortgage
Q5: Mortgage-backed securities are commonly contained within collateralized
Q6: Which of the following was part of
Q7: Mortgage companies specialize in
A)purchasing mortgages originated by
Q8: A mortgage with low initial payments that
Q9: Which of the following mortgages allows the
Q10: A _ mortgage allows the borrower to
Q11: Mortgage companies, commercial banks, and savings institutions
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