Furlong, Frederick Thomas; Takhtamanova, Yelena F.; … - Federal Reserve Bank of San Francisco - 2014
connection with one aspect of mortgage financing, the choice among fixed-rate and adjustable-rate mortgages. This analysis is … motivated in part by the increased use of adjustable-rate mortgage financing, notably among lower credit-rated borrowers, during …. The higher propensity of low credit-rated borrowers to choose adjustable-rate financing compared with high credit …