1. Subprime mortgages made up 5% of all new home loans in 1994 and...

Choose correct answer

A. 2% of all new home loans in 2000

B. 10% of all new home loans in 2006

C. 4% of all new home loans in 2003

D. 25% of all new home loans in 2005

2. Before the housing bubble, home prices had risen every year since the Great Depression.

Choose the correct answer

A. False

B. True

3. When did house prices begin a downward turn during the Great Recession?

Choose correct answer

A. 2006-2007

B. 2008-2009

C. 2004-2005

D. 2010-2011

4. If the average mortgage interest rate dropped from 10% to 6%, this would allow a home buyer to have

Choose the correct answer

A. The ability to buy a home at a lower price

B. A lower monthly income

C. A lower monthly mortgage payment

D. None of answers listed are correct

5. Generally speaking, when more home buyers enter the market, home prices

Choose the correct answer:

A. Are not affected

B. Increase

C. None of the answers listed are correct

D. Decrease