historical relationship with Treasury yields, leading to significantly and persistently easier mortgage credit conditions. We …We document the emergence of a disconnect between mortgage and Treasury interest rates in the summer of 2003. Following … the end of the Federal Reserve expansionary cycle in June 2003, mortgage rates failed to rise according to their …

historical relationship with Treasury yields, leading to significantly and persistently easier mortgage credit conditions. We …We document the emergence of a disconnect between mortgage and Treasury interest rates in the summer of 2003. Following … the end of the Federal Reserve's expansionary cycle in June 2003, mortgage rates failed to rise according to their …

conditions required by the banking system to grant a mortgage. The authors find that easier access to credit inflates housing …In this paper the authors present an agent-based model of a credit network economy. The artificial economy includes … market, the labor market, the credit market and the housing market. A set of computational experiments, based on numerical …

This paper investigates the housing and mortgage markets by means of an agent-based macroeconomic model of a credit … households’ creditworthiness conditions required by banks in order to grant a mortgage. Results show that easier access to credit …