Which is true of an adjustable rate mortgage?A.) the borrower can adjust monthly payment depending on his/her budget
B.) the interest rate may change depending on the condition of the economy
C.) the lender can adjust the monthly payment dates whenever he wants to

An adjustable rate mortgage is adjusted rate of interest depending on market situations.

The rate of interest may vary , totally depends on the market value of that agency or company or the financial agency which is providing the mortgage money at certain rate.

So, option (B)  the interest rate may change depending on the condition of the economy  is true statement regarding  adjustable rate mortgage.

Option B is correct, the interest rate may change depending on the condition of the economy is true of  an adjustable rate mortgage.

An adjustable rate mortgage (ARM) is a type of mortgage loan where the interest rate is not fixed for the entire loan term.

Instead, the interest rate on an ARM can adjust periodically, typically based on a specific financial index such as the Treasury Bill or the London Interbank Offered Rate (LIBOR).

The adjustment frequency and the specific index used are outlined in the loan agreement.

The adjustablefeature of an ARM allows the interest rate to change over time based on market conditions and economic factors.

This means that the borrower's monthlypayment may also change when the interest rate adjusts, as it is typically tied to the new rate.

Hence, option B is correct.

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