(Answered) Sam is a manager of a savings and loan and he is expecting

Finance

Sam is a manager of a savings and loan and he is expecting interest rates to increase in the near future. What type of mortgage would Sam most likely recommend the S&L to hold?

shared-appreciation mortgage, 15 year term.
fixed-rate second mortgage, 10 year term.
fixed-rate mortgage, 15 year term.
adjustable-rate mortgage, 1 year adjustment frequency.

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