Which of the following are imporatnt ways in which mortgage differ from the stock and bond markets? The usual borrowers in the capital markets are government entities and business, whereas the usual borrowers in the mortgage markets are individuals. Most mortgage are secured by real estate, whereas the majority of capital market borrowing is unsecured. Because mortgages are made for different amounts and different maturities, developing a secondary market has beeen more difficult. All of the above are important differences. Only A and B of the above are important differences. Which of the following are true of mortgage interest rates? Interest rates on mortgage loans are determined by three factors current long-term market rates, the term of the mortgage, and the number of discount points paid. Mortgage interest rates tend to track along with Treasury bond rates. The interest rate on 15-year mortgages is lower than the rate on 30-year mortgages. all else the same. All of the above are true. Only A and B of the above are true. Which of the following rcduces moral hazard for the mortgage borrower? Collateral Down payments Private mortgage insurance Borrower qualifications Which of the following protects the mortgage lender's right to sell property if the underlying defaults? A lien A down payment Private mortgage insurance Borrower qualification Amortization Which of the following is true of mortgage rates? Mortgage rates are closely tied to treasury bond rates, but mortgage rates tend to start treasury rates because mortgages are securedwith collateral. Longest-term mortgages have higher interest rates than shorter-term mortgages. Interests 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