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Choices between Fixed and Adjustable Rate Mortgages : Focusing on Stated Preferences

You, Seungdong 1

1상명대학교

Accredited

ABSTRACT

This study shows that a borrower who owns a house is more likely to choose an adjustable rate mortgage rather than a fixed rate mortgage than a borrow who does not own a house is. By studying stated preferences for future borrowers, this study suggests that those who have a higher incentive to take risks are more likely to choose an adjustable rate mortgage rather than a fixed rate mortgage than those who have a less incentive to take risks. According to the 2011 Survey of Housing Finance, the study analyzes future borrowers’ mortgage choices.

Citation status

* References for papers published after 2022 are currently being built.