Question

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.

Answer 1

[AI-generated answer — Bot GPT 3.5]

The correct answer is: The average time needed to sell a house doubles.

Answer 2

Home sales increase greatly for several months in a row.

Answer 3

[AI-generated answer — Bot GPT 3.5]

I apologize for the error. Yes, home sales increasing greatly for several months in a row could lead to a rise in interest rates for home mortgages.