Fixed rate mortgages are popular with home buyers who plan to stay in their homes for at least ________ years and want to know what their payment will be.

The correct answer is C. 5 to 7 years. See the full explanation below for the reasoning.

Investment Management

Question

Options

A5 years
B6 years
C5 to 7 years
D3 years

How the community answered

(19 responses)

A
5% (1)
B
5% (1)
C
79% (15)
D
11% (2)

Topics

#fixed rate mortgage#mortgage planning#homeownership duration

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