refinancing activity to mortgage-backed security (MBS) yields. A decrease in MBS yields is typically associated with greater … refinancing activity and lower rates on new mortgages. However, this effect is dampened in counties with concentrated mortgage …We present evidence that high concentration in local mortgage lending reduces the sensitivity of mortgage rates and …

Rising mortgage rates have led to one in five Danish fixed-rate mortgages to be refinanced during the first three … quarters of 2022. The unique Danish match-funding principle has allowed fixed rate mortgage borrowers to buy back their … mortgage and bank debt, while 38 per cent was cashed out. The cash-out share is higher for borrowers with lower levels of …