Answer to Question #93960 in Microeconomics for Rediet

Question #93960
Lower lending standards make it_____to get a mortgage loan With a lower down payment l,_____ the demand from housing and causing housing prices.
1
Expert's answer
2019-09-09T10:42:12-0400

Easier, increases

When financial institutions lower the standards of lending, it will be easy for the customers to get a mortgage loan. This will also lead to a rise in demand of mortgage which will then cause, the prices of housing to increase.

 


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