Which of the following is true of mortgage interest rates?
A) Longer-term mortgages have lower interest rates than shorter-term mortgages.
B) Mortgage rates are lower than Treasury bond rates because of the tax deductibility of mortgage interest rates.
C) In exchange for points, lenders reduce interest rates on mortgage loans.
D) All of the above are true.
E) Only A and B of the above are true.
Correct Answer:
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