borrower types and provides better pricing. We test the effectiveness of a specific set of contracts in the mortgage market …: mortgage points. Points allow borrowers to exchange an upfront amount for a decrease in the mortgage rate. We document that, on … mistakes on other dimensions (e.g., inefficiently refinancing their mortgages). Overall, our results show that borrowers …

data from the Household Finance and Consumption Survey (HFCS), to identify pockets of risk in the Belgian mortgage market …' mortgage debt by (liquid) financial assets. It identifies the share of outstanding mortgage debt that is possibly at risk, and …) unequally distributed, and that therefore this wealth covers their outstanding mortgage debt only to a limited extent. As a …

We precisely geolocate more than one million mortgage choices and use a nearest-neighbor research design to find that … hyperlocal social influence effects help explain the rise of subprime lender use during the boom and optimal refinancing during … the recovery. Our results illustrate the economic importance of neighborhoods for household finance …