Asked by Jake

why do interest rates on home mortgages increase when demand for housing increases?
Answered by Ms. Sue
Banks charge higher rates because they can.
Answered by hannah
ms sue
Answered by wonderwoman
i'm pretty sure there is a better explanation than that
Answered by Nya
No, Ms. Sue's explanation was fine. Simple but gives the correct answer. "B) When the demand for mortgages increases, lenders can increase the cost of borrowing money." Ms. Sue literally said the same thing, just worded differently and without part A of the sentence.
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