Obtaining a variable-rate mortgage is sometimes wiser than obtaining a fixed-rate mortgage when __________.
a.interest rates are low
b.interest rates are high
c.it is an expensive home
D.taxes are high

Question

Obtaining a variable-rate mortgage is sometimes wiser than obtaining a fixed-rate mortgage when __________.
a.interest rates are low
b.interest rates are high
c.it is an expensive home
D.taxes are high

anonymous · Answer

@ganeshie8

anonymous · Answer

@Nurali 

im a little confused in this one from my notes that the lesson gave me what would u say

nurali · Answer

A - is the most logical answer here....... if the interest rates are high you are paying a lot more to borrow money, and you would have the best chance to have the variable rate be lower in the future