Disentangling the effects of household financial constraints and risk profile on mortgage rates

Allbwn ymchwil: Cyfraniad at gyfnodolynErthygladolygiad gan gymheiriaid

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Disentangling the effects of household financial constraints and risk profile on mortgage rates. / Carbo-Valverde, Santiago; Mayordomo, Sergio; Rodríguez-Fernández, Francisco.
Yn: The Journal of Real Estate Finance and Economics, Cyfrol 56, Rhif 1, 01.2018, t. 76-100.

Allbwn ymchwil: Cyfraniad at gyfnodolynErthygladolygiad gan gymheiriaid

HarvardHarvard

Carbo-Valverde, S, Mayordomo, S & Rodríguez-Fernández, F 2018, 'Disentangling the effects of household financial constraints and risk profile on mortgage rates', The Journal of Real Estate Finance and Economics, cyfrol. 56, rhif 1, tt. 76-100. https://doi.org/10.1007/s11146-016-9595-7

APA

Carbo-Valverde, S., Mayordomo, S., & Rodríguez-Fernández, F. (2018). Disentangling the effects of household financial constraints and risk profile on mortgage rates. The Journal of Real Estate Finance and Economics, 56(1), 76-100. https://doi.org/10.1007/s11146-016-9595-7

CBE

Carbo-Valverde S, Mayordomo S, Rodríguez-Fernández F. 2018. Disentangling the effects of household financial constraints and risk profile on mortgage rates. The Journal of Real Estate Finance and Economics. 56(1):76-100. https://doi.org/10.1007/s11146-016-9595-7

MLA

Carbo-Valverde, Santiago, Sergio Mayordomo a Francisco Rodríguez-Fernández. "Disentangling the effects of household financial constraints and risk profile on mortgage rates". The Journal of Real Estate Finance and Economics. 2018, 56(1). 76-100. https://doi.org/10.1007/s11146-016-9595-7

VancouverVancouver

Carbo-Valverde S, Mayordomo S, Rodríguez-Fernández F. Disentangling the effects of household financial constraints and risk profile on mortgage rates. The Journal of Real Estate Finance and Economics. 2018 Ion;56(1):76-100. Epub 2016 Rhag 19. doi: 10.1007/s11146-016-9595-7

Author

Carbo-Valverde, Santiago ; Mayordomo, Sergio ; Rodríguez-Fernández, Francisco. / Disentangling the effects of household financial constraints and risk profile on mortgage rates. Yn: The Journal of Real Estate Finance and Economics. 2018 ; Cyfrol 56, Rhif 1. tt. 76-100.

RIS

TY - JOUR

T1 - Disentangling the effects of household financial constraints and risk profile on mortgage rates

AU - Carbo-Valverde, Santiago

AU - Mayordomo, Sergio

AU - Rodríguez-Fernández, Francisco

N1 - The final publication is available at Springer via http://dx.doi.org/[insert DOI]

PY - 2018/1

Y1 - 2018/1

N2 - In this paper we disentangle the impact of household financial constraints on mortgage rate from a number of dimensions of credit risk. This analysis relies on a dataset that contains information on the economic and financial decisions of Spanish households in four different years: 2002, 2005, 2008, and 2011. Our results suggest that banks’ profitable customers are able to bargain for lower mortgage rates. However, contrary to other studies, the risk profile does not have a significant effect on mortgage rates. Credit institutions tend to charge higher rates during the crisis to all customers, irrespective of their risk profiles.

AB - In this paper we disentangle the impact of household financial constraints on mortgage rate from a number of dimensions of credit risk. This analysis relies on a dataset that contains information on the economic and financial decisions of Spanish households in four different years: 2002, 2005, 2008, and 2011. Our results suggest that banks’ profitable customers are able to bargain for lower mortgage rates. However, contrary to other studies, the risk profile does not have a significant effect on mortgage rates. Credit institutions tend to charge higher rates during the crisis to all customers, irrespective of their risk profiles.

KW - Households

KW - Mortgages

KW - Financial constraints

KW - Credit risk

U2 - 10.1007/s11146-016-9595-7

DO - 10.1007/s11146-016-9595-7

M3 - Article

VL - 56

SP - 76

EP - 100

JO - The Journal of Real Estate Finance and Economics

JF - The Journal of Real Estate Finance and Economics

SN - 0895-5638

IS - 1

ER -