What impact might an economic downturn have on a borrower’s fixed-rate mortgage? it might cause a borrower’s payments to go up. it might cause a borrower’s payments to go down. it has no impact because a fixed-rate mortgage cannot change. it has no impact because the economy does not affect interest rates.

The correct option is "It has no impact because a fixed-rate mortgage cannot change."

Explanation:

Whether there is an economic downturn or upturn, a fixed-rate mortgage remains the same because if is fully amortized and the interest rates are fixed throughout the life of the loans. This is different from loans that interest rate can float or adjust according to the economic situation faced at any point in time.

C. It has no impact because a fixed-rate mortgage cannot change.

Explanation:

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