Rudolph, Patricia M.; Zumpano, Leonard V.; Karson, Marvin J. - In: Real Estate Economics 10 (1982) 1, pp. 94-110
One of the purposes of the secondary mortgage market is to move funds from areas of capital surplus to areas of capital shortage. If mortgage funds move freely throughout the economy then the price of mortgage funds (the terms of the mortgage) should be the same everywhere. Thus, if the...