PREPAYMENT RATE IN INDIVIDUAL RESIDENTIAL MORTGAGES: AN ANALYSIS OF MACROECONOMIC AND MORTGAGE-SPECIFIC FACTORS
||Ong, Seow-Eng; Doreen Chze-Lin Thang
||PREPAYMENT RATE IN INDIVIDUAL RESIDENTIAL MORTGAGES: AN ANALYSIS OF MACROECONOMIC AND MORTGAGE-SPECIFIC FACTORS
||7th European Real Estate Society Conference (14-16 June 2000) Bordeaux, France
||Using individual residential ARM mortgage data in Singapore, this study finds a low prepayment rate, which is influenced predominantly by macroeconomic factors than mortgage-specific factors. Specifically, the prepayment rate is increasing in residential property prices, but declining in income (as proxied by GDP) and volatility in mortgage Rates.
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||D2 _ Mortgages and Derivatives
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