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Gabby and Gus Malloy Recently Got Preapproved on a Loan

Question 286

Multiple Choice

Gabby and Gus Malloy recently got preapproved on a loan for their first house purchase. They are speculating on how much they should bid on their number one choice-a small, three-bedroom bungalow near a major college town. Which of the following indicators may be an important factor in whether they are able to successfully put in a low bid?


A) The federal tax rate in that area
B) The unemployment rate in that area
C) The producer's price index in that area
D) The CMI - consumer's marginal index

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