Extending the Benefits of Mortgage Refinancing: the Case for the Auto-Refi Mortgage

Bhagat, Kanav

doi:10.2139/ssrn.3927174

Cited by 1 publication

(1 citation statement)

References 9 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Furthermore, literature findings show that successful and efficient mortgage refinancing offers important advantages, which includes amongst others, a good reduction in normal monthly payment before refinancing, a decrease in the level of mortgage default occurrences and an enhanced disposable income and attendant ability improvement in the level of borrowers' consumption (Bhagat, 2021). Yoon and Kim (2023) applied a survival examination on mortgage loans with fixed-rates to look for variations in prepayment patterns based on the income and age of the debtors.…”

Section: Literature Reviewmentioning

confidence: 99%

The Impact of Mortgage Rates on Mortgage Refinancing

Ngwakwe

2024

IJEFI

View full text Add to dashboard Cite

Mortgages loans are vital for the acquisition of housing property and mortgage lending rates play an important role in mortgage market trends, borrowers, and lenders’ decisions. Objective: the aim of this paper is to evaluate the combined effect of current and previous mortgage rates on mortgage refinancing. Prior work: the paper inclines on the ontology of a single reality of the interaction between mortgage rates and mortgage refinancing with attendant epistemology that their interaction is measurable. Method: the paper adopts the positivist paradigm and a quantitative technique. It used data on the U.S. Mortgage Bankers Association (MBA) retrieved from the economic and financial database of Fusion Media. Data were analysed using the OLS technique. Novel Findings show that current-actual and previous mortgage rates have a significant positive effect on mortgage refinancing at p=0.05 and p=0.04 respectively. Significance: the findings have implication for mortgage lending and refinancing decisions for mortgage bankers (lenders), mortgage borrowers and policy makers. It also provides current academic study material for university business schools and for future researchers to apply the model used in this research for related expanded research. Value: The paper contributes a new model with two genres of mortgage rate (current mortgage rate and previous mortgage rate) and how these two types of mortgage rates influence mortgage refinancing.

show abstract

Section: Literature Reviewmentioning

confidence: 99%

The Impact of Mortgage Rates on Mortgage Refinancing

Ngwakwe

2024

IJEFI

View full text Add to dashboard Cite

show abstract

Extending the Benefits of Mortgage Refinancing: the Case for the Auto-Refi Mortgage

Cited by 1 publication

References 9 publications

The Impact of Mortgage Rates on Mortgage Refinancing

The Impact of Mortgage Rates on Mortgage Refinancing

Contact Info

Product

Resources

About