Question

What is one difference between fixed-rate mortgages and variable-rate mortgages?

Answer 1

next time please post the answer choices

A: Variable-rate mortgages usually start at higher interest rates than fixed-rate mortgages.

B: Variable-rate mortgages usually start at lower interest rates than fixed-rate mortgages.

C: Variable-rate mortgages' interest rates remain lower than fixed-rate mortgages throughout the loan term.

Answer 2

that being said, you kind of just have to memorize this (variable rates typically start lower and end up higher)

https://www.consumerfinance.gov/ask-cfpb/what-is-the-difference-between-a-fixed-rate-and-adjustable-rate-mortgage-arm-loan-en-100/