Aborrower made a mortgage loan 7 years ago for $160,000 at 10.25% interest for 30 years. the loan balance is now $151,806.62 and rates for this amount are currently 9.0% for 23 years. origination fees and closing costs are $4,500 and closing costs are not financed by the lender. what is the effective cost of refinancing?

Which of the following is the purpose of economic indicators? a. to inform consumers how fast prices are going to rise. b. to indicate whether an unemployed worker is likely to get a new job. c. to judge the overall condition of a particular country's economy. d. to figure out how fast the gross domestic product is growing.