Adjustable-Rate and Fixed-Rate Mortgage Choice: A Logit Analysis

Michael Tucker ()
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Michael Tucker: School of Business Fairfield University Fairfield, Connecticut 06430-7524, http://www.fairfield.edu/academic/business/business.htm

Journal of Real Estate Research, 1989, vol. 4, issue 2, 81-91

Abstract: Logit analysis is used to determine if financial variables are significant in determining borrower selection between fixed-rate and adjustable-rate mortgages. The results support the hypothesis that mortgage choice is a function of the consumer price index, Treasury bill rates, and differences in the initial interest rates offered by the competing mortgages.

JEL-codes: L85 (search for similar items in EconPapers)
Date: 1989
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Citations: View citations in EconPapers (2)

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