This paper documents large differences in mortgage prepayment behavior across racial and ethnic groups in the United … combines administrative data on mortgage performance with information on race and ethnicity, we show that Black and Hispanic … periods of low mortgage rates and high refinance volumes. From 2010 to 2014, Black borrowers were paying 30 to 45 basis points …

significantly (especially on durable goods) but outright home-owners do not. While the dollar change in mortgage payments is nearly …

the aggregate response of consumption to interest rates is driven by households with a mortgage. Outright home owners do …

) to lower long-term interest rates and mortgage rates. This paper describes the evolution of the LSAP program and analyzes … how interest rates and mortgage rates changed during that time. Both the long-term interest rates and mortgage rates … program and provide projections of mortgage rates under different shock assumptions. Results suggest that early tapering …

We study the implications of multi-period mortgage loans for monetary policy, considering several realistic … in its nonlinear form and argue that all these features are important to understand the evolution of mortgage debt during …

We study the implications of multiperiod mortgage loans for monetary policy, considering several realistic … in its nonlinear form and argue that all these features are important to understand the evolution of mortgage debt during …