NDLI: The Effect of Interest Rates on Home Buying: Evidence from a Discontinuity in Mortgage Insurance Premiums

Content Provider	Scilit
Author	Bhutta, Neil Ringo, Daniel R.
Copyright Year	2017
Description	Journal: SSRN Electronic Journal Regression discontinuity estimates indicate that home buying is highly responsive to interest rates in a large segment of the population. A surprise 50 basis point cut in the effective interest rate for mortgages insured by the Federal Housing Administration (FHA) led to an immediate 14 percent increase in home buying among the FHA-reliant population. The effect of the rate cut holds across regions with varying economic conditions. Higher income households show far less sensitivity to rates, which has important implications for other stimulus policies.
Related Links	https://www.federalreserve.gov/econres/feds/files/2017086pap.pdf https://papers.ssrn.com/sol3/Delivery.cfm?abstractid=3085008
ISSN	10914358
e-ISSN	15565068
DOI	10.2139/ssrn.3085008
Journal	SSRN Electronic Journal
Language	English
Publisher	Elsevier BV
Publisher Date	2017-12-08
Access Restriction	Open
Subject Keyword	Journal: SSRN Electronic Journal Industrial Relations Interest Rates Home Buying Mortgage Insurance Regression Discontinuity
Content Type	Text
Resource Type	Article
Subject	Public Health, Environmental and Occupational Health Psychiatry and Mental Health

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