Review the photograph.
What is the best interpretation of this photograph?
When mortgage interest rates go down, banks stop making loans.
When mortgage interest rates go down, banks make more money.
It’s easier for people to buy a new home when mortgage interest rates are down.
It’s more difficult for people to buy a new home when mortgage interest rates are down.
The best interpretation of this photograph would be:
It’s easier for people to buy a new home when mortgage interest rates are down.
The image shows a for sale sign in front of a house, suggesting that the housing market is active and there are opportunities for buyers. Lower mortgage interest rates typically make it more affordable for individuals to purchase a home, as they can secure a lower monthly mortgage payment. This can lead to an increase in home sales during periods of low interest rates.