McKenzie, Joseph A - In: The Journal of Real Estate Finance and Economics 25 (2002) 2-3, pp. 197-213
Consistent with a series of recent papers, the interest-rate differential between mortgages eligible for purchase based on loan size by Fannie Mae and Freddie Mac and larger loans is estimated to be 22 basis points over the 1986-2000 period. This differential averaged 19 basis points for the...