A home buyer is considering whether to pay points on a mortg…

A home buyer is considering whether to pay points on a mortgage. The mortgage will be $400,000.  Without points, the interest rate is 7.0% and the monthly payment is $2,661. If the borrower pays 1 discount point, the interest rate will be 6.0% and the monthly payment will be $2,398.  The borrower expects to stay in the house for exactly 3 years and then sell it and go to graduate school.  Should the borrower pay the points or not?  

Which of the following are current uses for cryptocurrencies…

Which of the following are current uses for cryptocurrencies or blockchains: A. Speculating on price movements of cryptocurrencies. B. Developing AI with large language models (LLMs) C. Making charitable donations D.  Remitting money from one country to another.

What is true about Fannie Mae and Ginnie Mae pass through mo…

What is true about Fannie Mae and Ginnie Mae pass through mortgage backed securities: A. Investors have prepayment risk which means many homeowners refinance when interest rates drop leaving MBS owners to reinvest  loan repayment proceeds at lower yields, B. The special purpose vehicle holds the mortgages pays the monthly mortgage payments made by borrowers to the MBS owners, minus any homeowner defaults. C. Mortgage originators typically sell mortgages they originate to investment banks who package them into MBS.