What risk would a mortgage broker be most concerned about if they locked in an...
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What risk would a mortgage broker be most concerned about if they locked in an interest rate of 4.0% for a prospective borrower, but the market interest rate fell to 3.5% before the loan was finalised?
| a. | liquidity risk. | |
| b. | fallout risk. | |
| c. | prepayment risk. | |
| d. | default risk. |
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