4. Mortgage Pricing A 30Y fixed rate mortgage is issued at 6% coupon rate. The loan fully amortizes over 30 year period. Expected payoff time is 10 Years when initially issued. Assuming $1M in loan balance. a. Price the loan today at 5%, 6%, and 7% market yield, assuming loan termination term stays constant with interest rate (120 months at 5%; 120 months at 6%, and 120 months 7%). (8 points) . Price the loan today at 5%, 6%, and 7% yield, assuming loan termination term changes with interest rate months at 5%; 120 months at 6%, and extends to 150 months @ 7%) (8 points) 4. Mortgage Pricing A 30Y fixed rate mortgage is issued at 6% coupon rate. The loan fully amortizes over 30 year period. Expected payoff time is 10 Years when initially issued. Assuming $1M in loan balance. a. Price the loan today at 5%, 6%, and 7% market yield, assuming loan termination term stays constant with interest rate (120 months at 5%; 120 months at 6%, and 120 months 7%). (8 points) . Price the loan today at 5%, 6%, and 7% yield, assuming loan termination term changes with interest rate months at 5%; 120 months at 6%, and extends to 150 months @ 7%) (8 points)