An empirical analysis of residential mortgage refinancing decision making

Virmani, Swati and Murphy, Austin (2010) An empirical analysis of residential mortgage refinancing decision making. Journal of Housing Research, 19 (2). pp. 129-138.

Full text not available from this repository.

Abstract

This research empirically investigates the relative optimality of several different methods of making refinancing decisions on residential mortgages. The results indicate that a simple rule of refinancing whenever the mortgage rate has dropped 1% was approximately as effective as application of an option pricing model in minimizing the cost of financing over the 1980–2007 interval.

Item Type:
Journal Article
Journal or Publication Title:
Journal of Housing Research
ID Code:
70712
Deposited By:
Deposited On:
10 Sep 2014 15:46
Refereed?:
Yes
Published?:
Published
Last Modified:
15 Jul 2024 14:46