risk composition channel of income inequality. Following a rise in income inequality house prices and mortgage debt decline …

This paper provides robust evidence for the non-linear effects of mortgage spread shocks during recessions and … expansions in the United States. Estimating a smooth-transition VAR model, we show that mortgage spread shocks hitting in …

This paper examines whether monetary policy pass-through to mortgage rates affects household fertility decisions. Using …-through of accommodative monetary policy to mortgage rates was sufficiently large to outweigh the headwinds of the Great … policy transmission and suggest a new mechanism via which mortgage contract structures can affect aggregate demand and supply …

significantly (especially on durable goods) but outright home-owners do not. While the dollar change in mortgage payments is nearly …

This paper provides novel evidence on lenders’ mortgage pricing and how central bank policies affected it. Using the …-continuous model of mortgage demand and lender competition in which borrowers may have different sensitivities to rates and fees. We … use the estimated model to decompose the effects of unconventional monetary policies on mortgage pricing and lending, and …

This paper provides novel evidence on lenders’ mortgage pricing and on how central bank operations affected it. Using …-continuous model of mortgage demand and lender competition in which borrowers may have different sensitivities to rates and fees. We … use the estimated model to decompose the effects of central bank unconventional monetary policy on mortgage pricing and …

limited, as it accounts for only 10% of the difference in mortgage rates between loans with 75% and 95% loan to value ratio …

Intertemporal Substitution (EIS). In the United Kingdom, the mortgage interest rate schedule features discrete jumps — notches — at … and sharp bunching below every notch, which translates into sizable interest elasticities of mortgage debt, between 0 …

We exploit a unique dataset that features both un-intermediated mortgage requests and independent responses from … current mortgage payments over insurance against future rate increases. Contrary to assumptions in the previous literature, we …