Journal article
Teaser Rates in Conventional Adjustable-Rate Mortgage (ARM) Markets
The journal of real estate finance and economics, Vol.4(1), pp.19-31
03/01/1991
DOI: 10.1007/BF00171358
Abstract
This article examines the pricing of teaser rates on adjustable-rate mortgages (ARMs). The theory indicates that lenders may offset teaser rates on ARMs through an increase in upfront fees or points, through looser life of loan rate caps, or through higher contract rates after the teaser has expired. Cross-sectional regression results fail to reject the null hypothesis that teaser ARMs are correctly priced.
Details
- Title: Subtitle
- Teaser Rates in Conventional Adjustable-Rate Mortgage (ARM) Markets
- Creators
- Joel F. Houston - University of FloridaJ. Sa-Aadu - University of IowaJames D. Shilling - University of Wisconsin–Madison
- Resource Type
- Journal article
- Publication Details
- The journal of real estate finance and economics, Vol.4(1), pp.19-31
- Publisher
- Springer Nature
- DOI
- 10.1007/BF00171358
- ISSN
- 0895-5638
- eISSN
- 1573-045X
- Number of pages
- 13
- Language
- English
- Date published
- 03/01/1991
- Academic Unit
- Finance
- Record Identifier
- 9984380444002771
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