Which of the following mortgages or mortgage related securities increase in value when interest rates go up?
i. Interest only
ii. Principal only
iii. Fixed Rate Mortgage
iv. Adjustable Rate Mortgage
v. Mortgage Loan Servicing Rights
Of the above, the following would be correct:
a) 1 and 5 only
b) 2 only
c) 3 only
d) 2, 3, and 4 only
e) All of the above