The Pricing of Mortgage Characteristics and Consumer Choice in the Mortgage Market
This dissertation covers several aspects of mortgage pricing. First, a theoretical model is developed related to choice on both sides of the mortgage market. Next, an hedonic model is utilized to estimate the impact of mortgage characteristics on the initial contract interest rate. Finally, borrower demand for various adjustment interval periods is estimated.
University of Illinois - Urbana-Champaign
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University of Illinois at Urbana-Champaign