One of the determinants of mortgage interest rates listed in the text is "Default Risk" - how important of a factor do you think this is in the determination of the mortgage interest rate? In other words, I think we all agree that inflation is a MAJOR factor, how important is default risk? What do you think

Answer rating: 100% (QA)

Default risk refers to the probability that the borrowers will not be able to pay the de... View the full answer