New Zealand House Prices Fall by Record as Interest Rates Soar
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Business
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University
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Hard
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5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What has been the trend in mortgage interest rates over the past year?
They have fluctuated without a clear trend.
They have remained stable.
They have decreased significantly.
They have increased significantly.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the expected impact of rate hikes on the housing market in the medium term?
It will have no impact on the housing market.
It might stabilize the housing market.
It will cause housing prices to skyrocket.
It will likely cause a housing market crash.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What might indicate stability in mortgage rates according to the discussion?
If rates exceed 6.5%
If rates do not go higher than 5.5%
If rates remain at 7%
If rates drop below 2.5%
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the current situation regarding mortgage stress in New Zealand?
Mortgage stress has decreased significantly.
Arrears have risen, but no major mortgage sales are reported.
Banks are not offering any help to those in stress.
There is a significant increase in mortgage sales.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What should individuals facing mortgage stress do according to the video?
Sell their property immediately.
Ignore the situation and hope it improves.
Take out more loans to cover the stress.
Communicate with their banks for possible solutions.
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