Question

The hybrid ARM attempts to balance the fixed payment desire of a borrower with the lender's desire to increase interest rates if market rates rise in the future. In its most common form, known as a 2-28, the hybrid ARM will have a fixed-interest rate for:
2 years T/F

Answer 1

Answer: Interest rate of 14%

Explanation:if market rates rise in the future. In its most common form, known as a 2-28, the hybrid ARM will have a fixed-interest rate for:

2 years T/F, definitely interest rate is 14 percent .