Using administrative data on mortgages issued in Italy between 2018 and 2019, this paper estimates loan demand … interest rate increases the average loan size by 0.22% whereas a commensurable increase in maturity increases loan demand by 0 …

The sensitivity of housing demand to mortgage rates and available leverage is key to understanding the effect of … financing scenarios. We vary down payment constraints, mortgage rates, and non-housing wealth. We find that a relaxation of down … poorer and more credit-constrained borrowers. On the other hand, changing the mortgage rate by 2 percentage points only …

We propose a model of a risky mortgage-lending market in which we take explicit account of heterogeneity in household …