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| Adjustable-Rate and Fixed-Rate Mortgage
Choice: A Logit Analysis Author: Michael Tucker Start Page: 81 Abstract: Logit analysis is used
to determine if financial variables are significant in determining borrower selection
between fixed-rate and adjustable-rate mortgages. The results support the hypothesis that
mortgage choice is a function of the consumer price index, Treasury bill rates, and
differences in the initial interest rates offered by the competing mortgages. |
