Choosing between Fixed- and Adjustable-Rate Mortgages

Monica Paiella and Alberto Pozzolo

Chapter Chapter 13 in Household Credit Usage, 2007, pp 219-236 from Palgrave Macmillan

Abstract: Abstract Housing is the most important asset in the portfolio of most households. It is a relatively illiquid investment, with an uncertain capital value, and it is generally highly leveraged, which makes it a potentially important channel of transmission of monetary policy. Furthermore, houses are both an asset and a consumption good.

Keywords: Interest Rate; House Price; Bank Branch; Home Purchase; Interest Rate Spread (search for similar items in EconPapers)
Date: 2007
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Working Paper: Choosing Between Fixed and Adjustable Rate Mortgages (2007)
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DOI: 10.1057/9780230608917_13

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