Year Mortgage Rate Inflation Rate 1984 12.4% 4.3% 1990 10.0% 5.4% 2001 7.0% 2.8% The "prime" interest rate is the rate that banks charge their best customers. Based on the nominal interest rates and inflation rates given in the first table above, in which of the years given would it have been best to be a lender? Based on the nominal interest rates and inflation rates given in first table above, in which of the years given would it have been best to be a borrower? A mortgage loan is a loan that a person makes to purchase a house. The second table above provides a list of the mortgage interest rate being charged for several different years and the rate of inflation for each of those years. In which years would it have been better to be a person borrowing money from a bank to buy a home? In which years would it have been better to be a