Which of these events would most likely lead to a rise in interest rates for home mortgages?
a. The prices of homes for sale in a certain city rise by a great deal.
b. Many new lenders begin offering home mortgages.
c. Home sales increase greatly for several months in a row.
d. The average time needed to sell a house doubles.
1 answer
a. The prices of homes for sale in a certain city rise by a great deal.