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Sagot :
Final answer:
Mortgage interest rates, inflation, and market conditions impact borrowers and banks differently.
Explanation:
Mortgage Interest Rates vs. Inflation: When the mortgage interest rate is lower than the rate of inflation, it is better for a borrower as they essentially pay back the loan with cheaper dollars.
Banking Strategies: Banks benefit when they lend money during times of higher mortgage interest rates as they earn more on the loans given out compared to what they pay on deposits.
Impact of Market Conditions: In a scenario where interest rates have fallen, it becomes more advantageous for borrowers as they can secure loans at lower rates, while banks might find it less lucrative to lend at lower rates.
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