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Q46 Losses on subprime mortgage loans increased when home prices began to _____, because a borrower unable to make payments could no longer avoid default

Q46 Losses on subprime mortgage loans increased when home prices began to _____, because a borrower unable to make payments could no longer avoid default by _____.

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rise faster; refinancing into a larger mortgage

decline; refinancing into a larger mortgage

decline; refinancing at a lower rate or selling the house and paying off the mortgage

rise faster; refinancing at a lower rate or selling the house and paying off the mortgage

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