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Jumbo rates are below conforming rates: When did this happen and why?

Author

Listed:
  • Stephen D. Oliner

    (American Enterprise Institute)

  • Tobias Peter

    (American Enterprise Institute)

  • Lynn M. Fisher

    (American Enterprise Institute)

  • Mike Fratantoni

    (American Enterprise Institute)

Abstract

The authors find that the shift reflects a combination of increased bank demand for jumbo loans and higher government-sponsored enterprise g-fees.

Suggested Citation

  • Stephen D. Oliner & Tobias Peter & Lynn M. Fisher & Mike Fratantoni, 2019. "Jumbo rates are below conforming rates: When did this happen and why?," AEI Economics Working Papers 1025444, American Enterprise Institute.
    • Handle: RePEc:aei:rpaper:1025444
    as

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    References listed on IDEAS

    as
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    3. Marco Di Maggio & Amir Kermani & Christopher J Palmer, 2020. "How Quantitative Easing Works: Evidence on the Refinancing Channel," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 87(3), pages 1498-1528.
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    5. Elena Loutskina & Philip E. Strahan, 2009. "Securitization and the Declining Impact of Bank Finance on Loan Supply: Evidence from Mortgage Originations," Journal of Finance, American Finance Association, vol. 64(2), pages 861-889, April.
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    7. Brent W. Ambrose & Michael LaCour‐Little & Anthony B. Sanders, 2004. "The Effect of Conforming Loan Status on Mortgage Yield Spreads: A Loan Level Analysis," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 32(4), pages 541-569, December.
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    More about this item

    Keywords

    GSEs (Fannie Mae and Freddie Mac); Housing Center: Research; economics;
    All these keywords.

    JEL classification:

    • A - General Economics and Teaching

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