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Mortgage refinancing and the concentration of mortgage coupons

Author

Listed:
  • Paul Bennett
  • Frank M. Keane
  • Patricia C. Mosser

Abstract

Because of the concentrated distribution of interest rates on outstanding mortgages, modest interest rate declines in 1997 and 1998 made refinancing a smart choice for a record number of homeowners. In addition, the strong economy and the age of mortgage loans likely contributed to the surge in refinancing activity.

Suggested Citation

  • Paul Bennett & Frank M. Keane & Patricia C. Mosser, 1999. "Mortgage refinancing and the concentration of mortgage coupons," Current Issues in Economics and Finance, Federal Reserve Bank of New York, vol. 5(Mar).
    • Handle: RePEc:fip:fednci:y:1999:i:mar:n:v.5no.4
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    Cited by:

    1. Jill Wetmore & Chiaku Ndu, 2006. "Mortgage Refinancing Activity: An Explanation [1990–2001]," The Journal of Real Estate Finance and Economics, Springer, vol. 33(1), pages 75-86, August.

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