Question: When is a borrower likely to purchase a rate lock agreement on the loan before its closing? Multiple choice question. When inflation is likely to

When is a borrower likely to purchase a rate lock agreement on the loan before its closing? Multiple choice question. When inflation is likely to decrease after the loan commitment is made but before closing When interest rates are likely to decrease after the loan commitment is made but before closing When interest rates are likely to increase after the loan commitment is made but before closing

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