Definition: In this task, a passage will be given and the goal is to identify an event from the passage. An event is defined as a single word representing something that happened, is happening, or may happen. An event can be factual or hypothetical, positive or negative, certain or uncertain. While most events are based on verbs, an event can also be based on a noun (ex. storm, snow, rainfall) or a copula verb (is, was, been, etc.). The event must not be a pronoun or an adjective. For noun events with multiple words, use the last word in the phrase as event.
Input: Passage: That was the highest level since 30-year mortgages were at 6.44 percent in early September 2003. This week's rates on 15-year, fixed-rate mortgages, a popular choice for refinancing a home mortgage, averaged 5.89 percent, up from 5.85 percent last week.

choice