"If we do not receive your signed mortgage application and application fee by 5 p.m.today,the interest rate will increase by a quarter of a percent." This is an example of:

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This is an example of an exploding offer, which means it is a time-sensitive offer with significant consequences if not accepted within a certain timeframe. In this case, the consequence is an increase in the interest rate.

"If We Do Not Receive Your Signed Mortgage Application and Application