ROAD ROAD Repository of Open Access Documents

Tipologia di documenti >
4 - REPEC >

Please use this identifier to cite or link to this item:

Title: Choosing Between Fixed and Adjustable Rate Mortgages
Authors: Paiella, Monica
Pozzolo, Alberto Franco
Keywords: home purchase finance
adjustable rate mortgages
fixed rate mortgages.
Issue Date: 10-Apr-2007
Abstract: This paper estimates the determinants of households choice between fixed rate (FRM) and adjustable rate mortgage (ARM) contracts, using the Bank of Italy s Survey of Household Income and Wealth. Contrary to the predictions of the theoretical literature, the analysis shows that most household characteristics proxying for exposure to other (non-mortgagerelated) risks and for individual risk aversion are irrelevant for the choice. This, in turn, crucially depends on the relative price of the
Appears in Collections:4 - REPEC

Files in This Item:

File Description SizeFormat
ESDP07033.pdf517.4 kBAdobe PDFView/Open

This item is protected by original copyright

Recommend this item

Items in ROAD are protected by copyright, with all rights reserved, unless otherwise indicated.


Valid XHTML 1.0! DSpace Software Copyright © 2002-2010  Duraspace - Feedback ICT support by CINECA