Teaser Rate Mortgage A mortgage broker is offering a $183,900 30-year mortgage with a teaser rate. In the first two years of the mortgage, the borrower makes monthly payments on only a 4 percent APR interest rate. After the second year, the mortgage interest rate charged increases to 7 percent APR. What are the monthly payments in the first two years? What are the monthly payments after the second year? (LG9)