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.
Correct Answer:
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