Which of the following statements is most TRUE?

Select one:

a. If you are expecting interest rates to go up then it is best to lock in a fixed interest rate.

b. If interest rates are expected to rise slightly then most people will pay less total interest on a variable interest rate loan than on a fixed interest rate loan.

c. Moving from fortnightly to monthly payments is a good way to reduce your overall loan repayments because the money earns interest in your bank account for longer.

d. The term of a mortgage increases with the size of the regular repayments.

e. Principal and interest mortgages are generally unpopular because the whole of the principal must still be repaid at the end of the loan.