Intercity Variations in Mortgage Composition

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Intercity Variations in Mortgage Composition

Authors

O'Brien, A. Maureen

Wong, Shee Q

Published Date

1988

Publisher

Bureau of Business and Economic Research

Type

Working Paper

Abstract

This paper examines the determinants of mortgage composition across cities. Mortgage composition is specified in terms of both the proportion of the number as well as the dollar amount of adjustable rate mortgages relative to the total amount of mortgages demanded. Our results suggest that in addition to mortgage price, variables reflecting borrower and city characteristics contribute significantly to explaining intercity variations in mortgage composition.

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Bureau of Business and Economic Research

University of Minnesota Duluth

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The year given (1988) is an estimate.

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Bureau of Business and Economic Research (BBER) Working Papers

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Working Paper No. 88-12

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O'Brien, A. Maureen; Wong, Shee Q. (1988). Intercity Variations in Mortgage Composition. Retrieved from the University Digital Conservancy, https://hdl.handle.net/11299/264684.

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