Mortgage Rates in U.S. Soar to 3.92%

Mortgage Rates in U.S. Soar to 3.92%

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The video discusses the current housing market, highlighting increased home buying despite low inventory. It examines the impact of rising interest rates, comparing it to 2018 trends, and offers advice for first-time homebuyers. The video also touches on tax implications and their limited effect on market demand.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one reason the housing market appears strong despite low inventory?

Increased seasonal adjustments

More sellers entering the market

Higher interest rates

Decreased buyer interest

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How did the housing market respond the last time mortgage rates rose significantly?

The market remained unchanged

There was a large increase in inventory

Inventory increased slightly

Buyer demand surged

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is considered a significant mortgage rate threshold according to the video?

5%

3%

4%

6%

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What advice is given to first-time homebuyers in the current market?

Wait for lower interest rates

Buy only if you can afford and love the house

Purchase as soon as possible

Focus on short-term market trends

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How do tax policies affect the housing market according to the video?

They cause a decrease in home prices

They significantly deter demand

They have no impact on the market

They support homeowners and maintain demand