This paper documents large differences in mortgage prepayment behavior across racial and ethnic groups in the United … combines administrative data on mortgage performance with information on race and ethnicity, we show that Black and Hispanic … periods of low mortgage rates and high refinance volumes. From 2010 to 2014, Black borrowers were paying 30 to 45 basis points …

positive shocks to the Federal Funds Rate are associated with housing price changes in the negative direction and the mortgage … rate in the positive direction. Shocks to the mortgage rate have no statistically significant impact on housing prices …

This paper examines the magnitude and persistence of the mortgage rate pass-through in response to U.S. monetary policy … also find that the target factor has a one-week lagged impact on the 30-year fixed mortgage rate. Thus, short …-term adjustable mortgage rates experience higher degree of pass-through and faster adjustment speed than long-term fixed mortgage …

This paper examines how the U.S. monetary policy surprises impact the mortgage rates in the nation and across five … (the target factor) have a significantly positive impact on the 1-year adjustable-rate mortgage (ARM) rate within the week … rate and the 30-year fixed mortgage rates in the first week after the announcement. Furthermore, the responses of mortgage …