Mortgage Valuation with Optimal Intertemporal Refinancing Strategies

This article extends previous work on mortgage valuation in two ways. First, I identify the prepayment boundary by solving for the borrower's optimal prepayment strategy over the expected tenure in the house. Previous work has treated the prepayment decision as a one-time decision, not as an el...

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Veröffentlicht in:Journal of housing economics 2000-12, Vol.9 (4), p.233-266
1. Verfasser: Harding, John P.
Format: Artikel
Sprache:eng
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