According to the textbook, as a practical matter if mortgage market interest rates have dropped at least ____ full percentage points since the borrower took out his or her first mortgage loan and the borrower plans to remain in the home normally about ____ to ____ years then refinancing through a cheaper new loan is usually an attractive move.
A) Three, one, two
B) Two, one, three
C) Two, two, three
D) Four, three, four
E) None of the above
Correct Answer:
Verified
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