Bennett, Paul; Peach, Richard; Peristiani, Stavros - In: Journal of Money, Credit and Banking 33 (2001) 4, pp. 955-75
We hypothesize that the intrinsic benefit required to trigger a refinancing has become smaller, due to a combination of technological, regulatory, and structural changes that have made mortgage origination more competitive and more efficient and have raised financial awareness of homeowners. To...