Question: answer this question regarding mortgage brokrage in BC course presented in UBC Question 6 Sam is inquiring why some mortgage loan borrowers choose fixed rate

answer this question regarding mortgage brokrage in BC course presented in UBC

Question 6 Sam is inquiring why some mortgage loan borrowers choose fixed rate mortgages over variable rate mortgages. Which of the following is NOT an appropriate explanation? O Fixed rate mortgage rates generally move in tandem with bond rates. O Variable rate mortgages are considered higher risk to borrowers than fixed rate mortgages because variable rate mortgage rates fluctuate with changes in the prime rate. Mortgage loan borrowers are often incentivized by variable rate mortgages' increased risk and payment variability. Fixed rate borrowers have no risk of their mortgage payment increasing during the contractual term, making fixed rate mortgages lower risk for borrowers

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