When Homeowners Pay Off Mortgages When They Sell Their Homes,or

When homeowners pay off mortgages when they sell their homes,or when homeowners refinance home mortgages,they effectively

A) Make the maturities of GNMA securities longer.
B) Make the maturities of GNMA securities shorter.
C) Make the maturities of U.S. Treasury securities longer.
D) Make the maturities of U.S. Treasury securities shorter.
E) None of the above.

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