The effect of mortgage rate resets on debt : evidence from TransUnion (Part 1) / by Katya Kartashova.: FB3-7/2020-2E-PDF
"This note studies how decreases in mortgage rates affect the behaviour of borrowers in terms of spending on durable goods and repaying debt. It focuses on borrowers with the prevailing five-year fixed-rate mortgage term in Canada who renewed their contracts at lower interest rates between January 2015 and December 2016"--Abstract.
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| Department/Agency | Bank of Canada. |
|---|---|
| Title | The effect of mortgage rate resets on debt : evidence from TransUnion (Part 1) / by Katya Kartashova. |
| Series title | Staff analytical note = Note analytique du personnel, 2369-9639 ; 2020-2 |
| Publication type | Series - View Master Record |
| Language | [English] |
| Format | Electronic |
| Electronic document | |
| Note(s) | Cover title. "Last updated: February 7, 2020." Includes bibliographical references (page 7). |
| Publishing information | Ottawa, Ontario, Canada : Bank of Canada = Banque du Canada, 2020. ©2020 |
| Author / Contributor | Kartashova, Katya, author. |
| Description | 1 online resource (7 pages) |
| Catalogue number |
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| Subject terms | Mortgage loans -- Refinancing -- Canada. Debt service -- Canada. Consumption (Economics) -- Canada. |
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