Will the following events increase, decrease, or leave the mortgage rate unchanged? (See Appendix 13B.)  a. The Fed lowers the interest rate because of a slowdown in economic activity. b....

Will the following events increase, decrease, or leave the mortgage rate unchanged? (See Appendix 13B.)

 a. The Fed lowers the interest rate because of a slowdown in economic activity.

b. Technological changes reduce the costs of servicing mortgage loans.

c. The default rate on mortgages increases because of falling property values.