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Mortgage Refinancing and the Concentration of Mortgage Coupons, Volume 5, Issue 4

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Mortgage Refinancing and the Concentration of Mortgage Coupons, Volume 5, Issue 4

DATE: March 1999

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ABSTRACT: Because of the concentrated distribution of interest rates on outstanding mortgages, modest interest rate declines in 1997 and 1998 made refinancing a smart choice for a record number of homeowners. In addition, the strong economy and the age of mortgage loans likely contributed to the surge in refinancing activity.

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Federal Reserve Bank of New York. Research and Statistics Group. "Mortgage Refinancing and the Concentration of Mortgage Coupons, Volume 5, Issue 4," Current Issues in Economics and Finance (March 1999). https://fraser.stlouisfed.org/title/6879/item/627903, accessed on March 28, 2023.

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