Falling rates no assurance of homeowner refinancing binge

Grace Ozor and Xiaohan Zhang

Dallas Fed Economics from Federal Reserve Bank of Dallas

Abstract: When the Fed lowers its benchmark policy rate, the reduction is usually reflected in a variety of consumer finance rates, notably mortgages. However, there are reasons to believe that such a reduction might not prompt an increase in the volume of mortgage refinances and prepayment activity as has historically occurred.

Keywords: interest rates; mortgages; refinancing (search for similar items in EconPapers)
Date: 2025-08-14
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Persistent link: https://EconPapers.repec.org/RePEc:fip:d00001:101525

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