Question

Read the graph that displays mortgage interest
Rates between 1978 and 1983.

In what year did consumers get the best deal on a mortgage?

A. 1978
B. 1980
C. 1982
D. 1983

Answer 1

The correct answer is option A "1978". The best deal would be to have a low interested rate in order to pay less with the same benefit. According to the graph, 1978 is the year at which the mortgage interest rate has its historical lowest point (9.0). Even though, the interest rate drop down some numbers in 1983, it never when back to the lowest point which is at the initial year in the graph.

Answer 2

The year 1978 is the year that the consumers got the best deal on the mortgage.

What does the graph tells on the mortgage interest?

The graph shown that 1978 is the year at which the mortgage interest rate has its historical lowest point (9.0).

Although the interest rate drop down some numbers in 1983 and never went back to the lowest point which is at the initial year in the graph.

Therefore, the Option A is correct.

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