Since Conforming Loans Can Be Much More Readily Bought and Sold

question 2

Multiple Choice

Since conforming loans can be much more readily bought and sold in the secondary mortgage market, they carry a(n) _______ interest rate than comparable nonconforming loans.

• A) higher
• B) equal
• C) lower
• D) more volatile

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Definitions:

Burrow-Dwelling

Organisms or animals that live in holes or tunnels they either make or find in the ground.

Arctic Tundra

describes a cold, treeless biome found in the Arctic regions, characterized by permafrost, minimal precipitation, and short growing seasons.

Thick Fur

A dense layer of hair on animals that serves as insulation against cold temperatures and water.

Permafrost

A thick subsurface layer of soil that remains frozen throughout the year, occurring chiefly in polar regions.