Multiple Choice
If rates in the market fall between now and one month from now, the mortgage banker:
A) loses as the mortgages are sold at a discount.
B) gains as the mortgages are sold at a discount.
C) loses as the mortgages are sold at a premium.
D) gains as the mortgages are sold at a premium.
Correct Answer:
Verified
Correct Answer:
Verified
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