select the correct answer.\nwhat is one difference between fixed - rate mortgages and variable - rate…

select the correct answer.\nwhat is one difference between fixed - rate mortgages and variable - rate mortgages?\na. variable - rate mortgages usually start at higher interest rates than fixed - rate mortgages.\nb. variable - rate mortgages usually start at lower interest rates than fixed - rate mortgages.\nc. interest rates remain lower on variable - rate mortgages than on fixed - rate mortgages throughout the term of the loan.

select the correct answer.\nwhat is one difference between fixed - rate mortgages and variable - rate mortgages?\na. variable - rate mortgages usually start at higher interest rates than fixed - rate mortgages.\nb. variable - rate mortgages usually start at lower interest rates than fixed - rate mortgages.\nc. interest rates remain lower on variable - rate mortgages than on fixed - rate mortgages throughout the term of the loan.

Answer

Answer:

B. Variable - rate mortgages usually start at lower interest rates than fixed - rate mortgages.

Brief Explanations:

Lenders offer lower initial rates for variable - rate mortgages to attract borrowers, as the risk of rate fluctuations is transferred to the borrower. Fixed - rate mortgages have stable rates throughout, so they start at higher initial rates to account for potential future rate increases.