Ye, Guangliang; Deng, Guoying; Li, Zhigang - In: Journal of Housing Economics 25 (2014) C, pp. 96-103
Utilizing a large transaction-level dataset on housing mortgages in China, this study estimates the effect of the mortgage rate spread between long- and short-term loans on property purchasers’ choice of loan length. To identify the effect of this spread on loan length, we rely on a unique...