People refinance their home mortgages
A) when rates fall.
B) when rates rise.
C) when rates fall and rise.
D) whenever they need to, independent of rates.

Name: People refinance their home mortgages A) when rates fall. B) when rates rise. C) when rates fall and rise. D) whenever they need to, independent of rates.
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Question

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People typically refinance their home mortgages when interest rates fall to reduce their monthly payments or to shorten the term of their loan.

People Refinance Their Home Mortgages