2) A borrower wants to buy a $250,000 home. The lender will give a 90% LTV 30-year mortgage loan with an interest rate of 4.5%. What would the monthly payment be? A) $1,140 B) $1,267 C) $13,813 D) $15,348 8) Interest rates are always rising and falling. During the early 1980s, mortgage rates reached about 17%. What was the main reason for these high mortgage rates? A) High default risk B) The Iron Bank was closed for winter C) Inflation D) Large number of prepayments occurred