Volatile mortgage rates - a new fact of life?

Howard L. Roth

Economic Review, 1988, vol. 73, issue Mar, 16-28

Abstract: Mortgage interest rates now move much more closely with capital market rates than in the past. This important development stems in part from the removal of mortgage usury ceilings. But the main reason for the closer relationship of mortgage rates to capital market rates is growth of the secondary mortgage market.

Keywords: Secondary markets; Mortgages (search for similar items in EconPapers)
Date: 1988
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