Finance
The 'secondary mortgage market' is important to Wyoming real estate because it:
AProvides second mortgage loans to Wyoming borrowers
BBuys mortgages from local lenders, giving them capital to make new loans✓ Correct
CSets maximum interest rates for Wyoming lenders
DInsures Wyoming mortgages against default
Explanation
The secondary mortgage market (Fannie Mae, Freddie Mac, Ginnie Mae) buys mortgage loans from local lenders, providing them with capital to originate new loans. This increases the availability of mortgage credit throughout Wyoming and keeps interest rates relatively uniform nationally.
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