Question

Why do most home buyers prefer a fixed-rate mortgage?
Fixed-rate mortgages always provide the lowest possible interest rates.
Fixed-rate mortgages allow early payment.
Fixed-rate mortgages provide security against increased costs.
Fixed-rate mortgages usually get added tax breaks from both state and local governments.

Answer 1

@EclipsedStar

Answer 2

Fixed-rate mortgages provide security against increased costs.