In this paper, I study how mortgage refinancing influences the interest rate pass-through to household budgets via … fixed-rate mortgage contracts in Denmark. I develop a model based on a state-dependent process of household actions that … endogenously determines household refinancing decisions as a function of their incentives. I show that the model leads to a dynamic …

This paper examines racial and ethnic differences in high cost mortgage lending in seven diverse metropolitan areas … buyers are 105 and 78 percent more likely to have high cost mortgages for home purchases. The increased incidence of high … cost mortgages is attributable to both sorting across lenders (60-65 percent) and differential treatment of equally …