Offering Rates on Fixed‐ and Adjustable‐Rate Mortgage Loans
作者:
Andrea J. Heuson,
期刊:
Financial Review
(WILEY Available online 1989)
卷期:
Volume 24,
issue 1
页码: 147-156
ISSN:0732-8516
年代: 1989
DOI:10.1111/j.1540-6288.1989.tb00336.x
出版商: Blackwell Publishing Ltd
数据来源: WILEY
摘要:
AbstractThis paper analyzes the macroeconomic determinants of the spread between simultaneous fixed‐ and adjustable‐rate mortgage loan offering rates. Previously developed theoretical relationships are used to construct an econometric model that incorporates both general financial market and region‐specific variables. Results indicate that changes in offering rate spreads are positively related to changes in the level and volatility of interest rates and negatively related to changes in variables that proxy for potential default
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