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 most likely event to lead to a rise in interest rates for home mortgages would be home sales increasing greatly for several months in a row. This is because when there is a high demand for homes, lenders typically increase interest rates to make more profit from lending money for mortgages. Additionally, an increase in home sales indicates a strong housing market, which often prompts lenders to raise interest rates.
