The Central Bank can$$t raise interest rates forever, so you believe the interest rates will drop by $2\%$ over the next five years.

Which mortgage product should you choose to minimize interest paid over this period?

Mortgage $1-30-$year fixed rate conventional mortgage

Mortgage $2-7/2$ adjustable rate mortgage

Mortgage $3-5/1$ adjustable rate mortgage

Mortgage $4-15-$year fixed rate conventional mortgage

Mortgage $5-10/1$ adjustable rate mortgage

Group of answer choices

Mortgage $1$

Mortgage $2$

Mortgage $3$

Mortgage $4$

Mortgage $5$