Explanation:
The media effect is associated with sharp declines in mortgage rates that attract borrower attention and increase refinancing activity. The best answer is large mortgage rate declines.
Ultimate access to all questions.
Question 51.4. Which of the following contributes to the “media effect”?
A
Large mortgage rate declines
B
Large mortgage rate increases
C
Increase in foreclosures
D
Previous periods of heavy refinancing activity
No comments yet.