Moench, Emanuel; Vickery, James; Aragon, Diego - In: Current Issues in Economics and Finance 16 (2010) Dec
Over the past several years, U.S. homebuyers have increasingly favored fixed-rate mortgages over adjustable …-rate mortgages (ARMs). Indeed, ARMs have dropped to less than 10 percent of all residential mortgage originations, a near-record low … different types of mortgages. Supply-side factors, in particular a rise in the share of mortgages eligible to be securitized by …