If Rates in the Market Fall Between Now and One

question 30

Multiple Choice

If rates in the market fall between now and one month from now, the mortgage banker:

• A) loses as the mortgages are sold at a discount.
• B) gains as the mortgages are sold at a discount.
• C) loses as the mortgages are sold at a premium.
• D) gains as the mortgages are sold at a premium.

---

Definitions:

Boats

Small to medium-sized vessels primarily designed for the transportation of people or goods across water bodies, differing in terms of size, shape, and capacity.

House of Quality

A part of the Quality Function Deployment process that translates customer requirements into appropriate technical requirements for each stage of product development and production.

Competitive Assessment

The evaluation of competitors in terms of their strengths, weaknesses, opportunities, and threats to identify one's own competitive advantage.

Customer Wants

The desires or needs of consumers that motivate them to purchase products or services.