Thurner, Marc-Oliver; Dwyer, Alexandra - In: RBA Bulletin (2013) September, pp. 31-38
Changes in lending rates have an important influence on the pace at which households prepay their mortgages. This has implications for housing credit growth. The effect of the fall in lending rates since October 2011 on prepayments is by itself estimated to have led to a ½ to ¾ percentage...
