Final answer:
When other investment options become more attractive for real estate investors, the appropriate action would be to decrease mortgage rates.
Step-by-step explanation:
When other investment options become more attractive for real estate investors, the appropriate action would be to decrease mortgage rates.
Lowering the mortgage rates would make real estate investment more enticing, encouraging investors to choose real estate over other options. By reducing mortgage rates, it becomes more affordable for investors to finance their real estate investments, making it a favorable choice compared to other investment opportunities.