The prices of homes for sale in a certain city rise by a great deal.
When the prices of homes for sale rise by a great deal, it indicates a strong demand for housing in that area. This can lead to an increase in interest rates for home mortgages as lenders may see an opportunity to capitalize on the high demand.
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.
1 answer
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