10
QuizMultiple Choice

Managing Financial Information

Question 10 • TX-Money Matters

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

Answer
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.