Monetary Policy and Homeowner Mobility: The Effect of Mortgage interest Rates

John Quigley

Economics Bulletin, 2001, vol. 4, issue 1, 1-10

Abstract: This paper tests the "lock-in" effect of mortgage contract terms and establishes the link between changes in market interest rates and homeowner mobility. The analysis is based on the Panel Study of Income Dynamics during 1990-1993, when mortgage interest rates declined by almost 30 percent

JEL-codes: D1 J6 (search for similar items in EconPapers)
Date: 2001-03-07
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