Management Notes

Reference Notes for Management

What impact might an economic downturn have on a borrower’s fixed-rate mortgage?

What impact might an economic downturn have on a borrower’s fixed-rate mortgage?

What impact might an economic downturn have on a borrower’s fixed-rate mortgage?

A. It might cause a borrower’s payments to go up.
B. It might cause a borrower’s payments to go down.
C. It has no impact because a fixed-rate mortgage cannot change.
D. It has no impact because the economy does not affect interest rates.

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