Which of these events would most likely lead to a rise in interest rates for home mortgages?
(1 point)
Responses
The prices of homes for sale in a certain city rise by a great deal.
The prices of homes for sale in a certain city rise by a great deal.
Many new lenders begin offering home mortgages.
Many new lenders begin offering home mortgages.
Home sales increase greatly for several months in a row.
Home sales increase greatly for several months in a row.
The average time needed to sell a house doubles.
The average time needed to sell a house doubles.
3 answers
The correct answer is: The average time needed to sell a house doubles.
Home sales increase greatly for several months in a row.
I apologize for the error. Yes, home sales increasing greatly for several months in a row could lead to a rise in interest rates for home mortgages.
2 answers