Mortgages and Home Ownership Answers
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The graph shows the average price of homes in the United States from 2009 to 2014.
A
The cost of a new home in the United States will continue to be inexpensive.B
Rising home prices in recent years means that more people will need to take out mortgages.C
More people will be able to pay cash for new homes and not need to take out a mortgage.D
Based on recent trends, fewer people will need mortgages in the future.2
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If someone buys a home for $200,000 and makes a 20 percent down payment, that person will have to
A
pay $20,000 up front.B
pay $40,000 up front.C
take out a mortgage for $200,000.D
take out a mortgage for $220,000.3
Many people prefer a fixed-rate mortgage because it
A
is variable.B
might go down.C
is predictable.D
costs the least.Did you find these answers helpful?
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