Adjustable rate mortgages O keep financial institutions' earnings high even when interest rates are falling. O...

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Adjustable rate mortgages O keep financial institutions' earnings high even when interest rates are falling. O benefit homeowners when interest rates are falling. O generally have higher initial interest rates than on conventional fixed-rate mortgages. O protect households against higher mortgage payments when interest rates rise. Adjustable rate mortgages O keep financial institutions' earnings high even when interest rates are falling. O benefit homeowners when interest rates are falling. O generally have higher initial interest rates than on conventional fixed-rate mortgages. O protect households against higher mortgage payments when interest rates rise.