An empirical analysis of residential mortgage refinancing decision making

Economics

Research output: Contribution to Journal/Magazine › Journal article › peer-review

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An empirical analysis of residential mortgage refinancing decision making. / Virmani, Swati; Murphy, Austin .
In: Journal of Housing Research, Vol. 19, No. 2, 2010, p. 129-138.

Research output: Contribution to Journal/Magazine › Journal article › peer-review

Author

Virmani, Swati ; Murphy, Austin . / An empirical analysis of residential mortgage refinancing decision making. In: Journal of Housing Research. 2010 ; Vol. 19, No. 2. pp. 129-138.

Bibtex

@article{e34291075cea483bad2532d13cf30c0e,

title = "An empirical analysis of residential mortgage refinancing decision making",

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.",

author = "Swati Virmani and Austin Murphy",

year = "2010",

language = "English",

volume = "19",

pages = "129--138",

journal = "Journal of Housing Research",

publisher = "Taylor and Francis Group",

number = "2",

}

RIS

TY - JOUR

T1 - An empirical analysis of residential mortgage refinancing decision making

AU - Virmani, Swati

AU - Murphy, Austin

PY - 2010

Y1 - 2010

N2 - 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.

AB - 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.

M3 - Journal article

VL - 19

SP - 129

EP - 138

JO - Journal of Housing Research

JF - Journal of Housing Research

IS - 2

ER -

Research

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