Can Federal Policy Changes Improve the Performance of Rural Mortgage Markets?

James J. Mikesell

No 33649, Agricultural Information Bulletins from United States Department of Agriculture, Economic Research Service

Abstract: Rural families pay more on average for mortgage financing than do urban families. While the $2 million estimated annual efficiency cost is too low to justify policy action, the estimated $300 million of additional interest paid by rural borrowers presents an equity concern. Part the difference in interest rates may be due to inefficiencies in rural financial markets. Low-cost remedies improve secondary market access, promote Federal mortgage guarantees, or generally improve the delivery of mortgage-related information to borrowers and lenders.

Keywords: Financial; Economics (search for similar items in EconPapers)
Pages: 4
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersab:33649

DOI: 10.22004/ag.econ.33649

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