Federal Housing Finance Agency. Using unique data sets that contain both approved and nonapproved mortgage applications, this … study provides an empirical examination of the impact of the HVCC on appraisal and mortgage outcomes. The results suggest …

This paper investigates the impact of lower mortgage rates on household balance sheets and other economic outcomes … loans, which constitute the vast majority of U.S. mortgage borrowers. Using a difference-in-differences framework that … sizable decline in mortgage payments ($150 per month on average) induces a significant drop in mortgage defaults, an increase …

We document the emergence of a disconnect between mortgage and Treasury interest rates in the summer of 2003. Following … the end of the Federal Reserve expansionary cycle in June 2003, mortgage rates failed to rise according to their … historical relationship with Treasury yields, leading to significantly and persistently easier mortgage credit conditions. We …

) 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 …

depends not just on their current level but also on their previous path. Using a household model of mortgage prepayment …

This paper examines the magnitude and persistence of the mortgage rate pass-through in response to U.S. monetary policy … also find that the target factor has a one-week lagged impact on the 30-year fixed mortgage rate. Thus, short …-term adjustable mortgage rates experience higher degree of pass-through and faster adjustment speed than long-term fixed mortgage …

in total mortgage issuance. Using a nine-country panel and instrumental variables methods, we present evidence that near …-term (one-year) rational expectations of future movements in ARM rates do affect mortgage choice, particularly in more recent …