The Pricing of Default-Free Mortgages
收藏NBER1984-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w1408
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In this paperwe examine the household's option to prepay or call a standard fixed-rate mortgage. Results based on simulation indicate that the value of this option is sensitive to the expected path of interest rates, the variation around that path, risk aversion and refinancing costs. Unfortunately,
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美国国家经济研究局创建时间：
1984-07-01
