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FINRA Series 7

Category - Series 7

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Under which of the following conditions are homeowners most likely to refinance existing mortgages?

when interest rates rise
when interest rates fall
when interest rates are stable
when the yield curve is inverted

Explanation

Answer: B - when interest rates fall. Homeowners are most likely to refinance when rates are lower than the past.

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FINRA Series 7

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FINRA Series 7

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