The prices of homes for sale in a certain city rise by a great deal.
When the prices of homes rise significantly, it indicates that there is high demand for housing in that particular area. In response, lenders may increase interest rates for home mortgages to capitalize on the increased demand and potentially higher profits.
Which of these events would most likely lead to a rise in interest rates for home mortgages?
Responses
The prices of homes for sale in a certain city rise by a great deal.
Many new lenders begin offering home mortgages.
Home sales increase greatly for several months in a row.
The average time needed to sell a house doubles.
1 answer
8 answers