### Answering the Question: Adjustable-Rate Mortgages

Adjustable-rate mortgages (ARMs) typically have interest rates that can change. The frequency of these changes depends on the specific terms of the loan agreement.

1. **Biannually**: Some ARMs may adjust their rates every six months.
2. **Annually**: Others may adjust once a year.
3. **Monthly**: Certain ARMs can have monthly adjustments, which is less common.
4. **It varies based on the loan terms**: This is the broadest and most accurate option, as different ARMs have different terms.

### Conclusion

The correct answer is: **It varies based on the loan terms**. Each loan may have unique conditions dictating how often the interest rate can change, so it’s essential for borrowers to check their specific loan agreements.

Question

### Answering the Question: Adjustable-Rate Mortgages

Adjustable-rate mortgages (ARMs) typically have interest rates that can change. The frequency of these changes depends on the specific terms of the loan agreement.

1. **Biannually**: Some ARMs may adjust their rates every six months. 
2. **Annually**: Others may adjust once a year. 
3. **Monthly**: Certain ARMs can have monthly adjustments, which is less common.
4. **It varies based on the loan terms**: This is the broadest and most accurate option, as different ARMs have different terms.

### Conclusion

The correct answer is: **It varies based on the loan terms**. Each loan may have unique conditions dictating how often the interest rate can change, so it’s essential for borrowers to check their specific loan agreements.

Knowee AI · Accepted Answer

### Answering the Question: Adjustable-Rate Mortgages

Adjustable-rate mortgages (ARMs) typically have interest rates that can change. The frequency of these changes depends on the specific terms of the loan agreement.

1. **Biannually**: Some ARMs may adjust their rates every six months. 
2. **Annually**: Others may adjust once a year. 
3. **Monthly**: Certain ARMs can have monthly adjustments, which is less common.
4. **It varies based on the loan terms**: This is the broadest and most accurate option, as different ARMs have different terms.

### Conclusion

The correct answer is: **It varies based on the loan terms**. Each loan may have unique conditions dictating how often the interest rate can change, so it’s essential for borrowers to check their specific loan agreements.

For an adjustable-rate mortgage, how often can the interest rate change?*BiannuallyAnnuallyMonthlyIt varies based on the loan terms

Question

For an adjustable-rate mortgage, how often can the interest rate change?

Solution

Answering the Question: Adjustable-Rate Mortgages

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