Tag Archives: refinancing

“Cash on Hand” and Consumption: Evidence from Mortgage Refinancing

From Atif Mian and Amir Sufi: We investigate how house price and interest rate movements affect household spending through mortgage refinancing. Aggregate movements in house prices and interest rates generate sizable mortgage refinancing waves with a large amount of cross-sectional … Continue reading

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Concentration in Mortgage Lending, Refinancing Activity, and Mortgage Rates

Here’s a recent paper from┬áDavid Scharfstein and Adi┬áSunderam on the effects of mortgage market concentration on refinancing effectiveness. Seems like some interesting variation that could be used to trace out the effects of refinancing on consumption in a follow up … Continue reading

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