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 |
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Subjects: | H Social Sciences > H Social Sciences (General) H Social Sciences > HB Economic Theory |
Schools: | Huddersfield Business School |
Related URLs: | |
Depositing User: | Sara Taylor |
Date Deposited: | 26 May 2016 13:18 |
Last Modified: | 28 Aug 2021 17:06 |
URI: | http://eprints.hud.ac.uk/id/eprint/28452 |
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