Federal Reserve Board – The Interest Rate Elasticity of Mortgage Demand
beSpacific 2014-02-06
Summary:
The Interest Rate Elasticity of Mortgage Demand: Evidence From Bunching at the Conforming Loan Limit, Anthony A. DeFusco and Andrew Paciorek. 2014-11 “The relationship between the mortgage interest rate and a household’s demand for mortgage debt has important implications for a host of public policy questions. In this paper, we use detailed data on over 2.7 million […]
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