The annual average for a 30 year fixed rate mortgage was 8.05% in the year 2000, and
Question:
The annual average for a 30 year fixed rate mortgage was 8.05% in the year 2000, and 3.11% in 2020. Which of the following statements is true:
The annual average for a 30 year fixed rate mortgage was 8.05% in the year 2000, and 3.11% in 2020. Which of the following statements is true:
The annual average for a 30 year fixed rate mortgage decreased 159% from 2000 to 2020.
The annual average for a 30 year fixed rate mortgage decreased 1.59 percentage points from 2000 to 2020.
The annual average for a 30 year fixed rate mortgage decreased 4.94 percentage points from 2000 to 2020.
The annual average for a 30 year fixed rate mortgage decreased 61.4 percentage points from 2000 to 2020.
The annual average for a 30 year fixed rate mortgage decreased 1.59% from 2000 to 2020.
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Expert Answer:
