what impact might an economic downturn have on a borrowers fixed - rate mortgage? it might cause a borrowers…

what impact might an economic downturn have on a borrowers fixed - rate mortgage? it might cause a borrowers payments to go up. it might cause a borrowers payments to go down. it has no impact because a fixed - rate mortgage cannot change. it has no impact because the economy does not affect interest rates.

what impact might an economic downturn have on a borrowers fixed - rate mortgage? it might cause a borrowers payments to go up. it might cause a borrowers payments to go down. it has no impact because a fixed - rate mortgage cannot change. it has no impact because the economy does not affect interest rates.

Answer

Brief Explanations:

Un préstamo hipotecario a tasa fija tiene una tasa de interés que no varía con los cambios económicos. Por lo tanto, un declive económico no afectará los pagos del prestatario, ya que la tasa y los pagos mensuales se establecen al principio del préstamo y permanecen constantes.

Answer:

It has no impact because a fixed - rate mortgage cannot change.