PLS HELP!

Which of the following is true of mortgage interest rates?

Mortgage rates are closely tied to Treasury bond rates, but mortgage rates tend to stay below Treasury rates because mortgages are secured with collateral.

Longer-term mortgages have higher interest rates than shorter-term mortgages.

Interest rates are higher on mortgage loans on which lenders charge points.

All of the above are true.

Only A and B of the above are true.

2. Spreadsheet Analysis: The initial price of a home is $200,000. To buy the home, you made a 10% down payment. You took out a mortgage for 15 years at 6% (mortgage payments are made monthly). A personal mortgage insurance (PMI) is required on the mortgage since you put down less than 20% of the purchase price. PMI payments would cease when your equity is equal to or greater than 20 percent of the home value. Calculate your equity on the home AFTER 5 years, assuming that the value of your home has risen by 10 percent

$220,000

$180,000

$136,816.38

$83,183.62

Please refer to previous spreadsheet analysis as follows: The initial price of a home is $200,000. To buy the home, you made a 10% down payment. You took out a mortgage for 15 years at 6% (mortgage payments are made monthly). A personal mortgage insurance (PMI) is required on the mortgage since you put down less than 20% of the purchase price. PMI payments would cease when your equity is equal to or greater than 20 percent of the home value. Do you still need a personal mortgage insurance (PMI) at this time?

Yes, equity value is now 20% of home value

No, equity value is now 46.21% of loan amount

No, Equity is still less than 20% of loan balance

Yes, equity is now 37.81% of loan balance

None of the above answers is correct