Use the Bear Sterns housing refinance model (WAC / market mortgage rate) to choose the best answer.

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Question:

a. If market mortgage rates are going down, then mortgage refinance is likely to decrease

b. If market mortgage rates are going up, then mortgage refinance is likely to increase

c. If WAC > market mortgage rate, then the borrower will get a higher rate if they refinance

d. none of the answer choices are correct

Posted Date: May 19, 2024 01:02 AM

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Use the Bear Sterns housing refinance model (WAC / market mortgage rate) to choose the best answer.

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