Which of the Following Is True of Mortgage Interest Rates

question 51

Multiple Choice

Which of the following is true of mortgage interest rates?

• A) Mortgage rates are closely tied to Treasury bond rates, but mortgage rates tend to stay below Treasury rates because mortgages are secured with collateral.
• B) Longer-term mortgages have higher interest rates than shorter-term mortgages.
• C) Interest rates are higher on mortgage loans on which lenders charge points.
• D) All of the above are true.
• E) Only A and B of the above are true.

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Definitions:

Material Misrepresentation

A false statement of fact made by one party to another, which, if had been known to be false, may have influenced the decision to enter into a contract or agreement.

Quasi-Contractual Agreement

An arrangement that is not an official contract but is treated as such by a court to prevent a party from being unjustly enriched at the expense of another.

Unconscious

pertains to a state where a person is not awake and aware of their environment, often resulting from illness, injury, or medical intervention.

Implied in Law

describes obligations or rights that are not explicitly stated but are inferred by legal principles or statutes to ensure fairness and justice.