Despite the remarkable economic and financial convergence over the last ten years in the euro area, mortgage interest … rates still differ across countries. This note presents some stylised facts on the heterogeneity of mortgage interest rates … market: the market for mortgage loans. This allows us to identify more clearly the role of specific structural features …

towards mortgage indebtedness. We find that a given debt burden creates much higher distress in countries with fewer mortgage … holders relative to countries where a significant part of households uses mortgage debt. This effect is net of ppp …. - Mortgage debt ; credit markets ; financial distress ; household finance ; peer effects …

real house price, residential investment and mortgage debt on the two sides of the Atlantic. Then, it presents evidence …

consumption path of credit constrained homeowners is determined by the size and timing of payments (mortgage maturity). We exploit … the rapid expansion of mortgage markets during the last decade in Spain and a very detailed survey on household finances … consumption of households headed by an individual with high school respondsmore to mortgage maturity than to the interest rate …