Westonci.ca is your go-to source for answers, with a community ready to provide accurate and timely information. Explore our Q&A platform to find in-depth answers from a wide range of experts in different fields. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.
Sagot :
Final answer:
Fixed-rate mortgages have a constant interest rate, while adjustable-rate mortgages fluctuate with market rates. A decrease in inflation may lead to a lower interest rate for homeowners with adjustable-rate mortgages.
Explanation:
Fixed-rate mortgages maintain the same interest rate throughout the loan term, while adjustable-rate mortgages change based on market rates. If inflation decreases by 3%, a homeowner with an adjustable-rate mortgage may see a reduction in their interest rate to align with inflation, keeping the real interest rate constant.
Learn more about mortgage types here:
https://brainly.com/question/32629331
Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Your questions are important to us at Westonci.ca. Visit again for expert answers and reliable information.