Generally speaking, what is the relationship between ARM rates and fixed rate mortgage rates? Multiple Choice ARM rates are higher than fixed rate mortgage rates. There is no relationship between ARM rates and fixed rate mortgage rates, they are independent of each other. ARM rates extend for longer periods than equivalent fixed rate mortgage rates. ARM rates are lower than fixed rate mortgage rates What is the function of an interest cap in an adjustable rate mortgage? Choose the best answer. Multiple Choice To protect the buyer from increases in interest rates. To protect the lender from increases in borrowing costs. To protect the lender from defaulting borrowers when interest rates rise. Both A and Care correct