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.

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