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An Empirical Analysis of Residential Mortgage Refinancing Decision-Making.

Virmani, Swati and Murphy, Austin (2010) An Empirical Analysis of Residential Mortgage Refinancing Decision-Making. Journal of Housing Research, 19 (2). pp. 129-138. ISSN 1052-7001

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Abstract

This research empirically investigates the relative optimality of several different methods of making refinancing decisions on residential mortgages. The results indicate that a simple rule of refinancing whenever the mortgage rate has dropped 1% was approximately as effective as application of an option pricing model in minimizing the cost of financing over the 1980–2007 interval

Item Type: Article
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HB Economic Theory
Schools: The Business School
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Depositing User: Sara Taylor
Date Deposited: 26 May 2016 13:18
Last Modified: 02 Dec 2016 05:54
URI: http://eprints.hud.ac.uk/id/eprint/28452

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