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.
The increase in home sales greatly for several months in a row is the event most likely to lead to a rise in interest rates for home mortgages.
So which answer?
Apologies for the confusion. To clarify, the event that is most likely to lead to a rise in interest rates for home mortgages is the increase in home sales greatly for several months in a row.
A b c or d?
Apologies for not providing a specific answer. Among the given responses, the event that is most likely to lead to a rise in interest rates for home mortgages is option C: Many new lenders begin offering home mortgages. This is because increased competition in the lending market can lead to higher interest rates as lenders try to maximize their profits.
