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Partial Mortgage Prepayments and Housing Credit Growth

Author

Listed:
  • Marc-Oliver Thurner

    (Reserve Bank of Australia)

  • Alexandra Dwyer

    (Reserve Bank of Australia)

Abstract

Changes in lending rates have an important influence on the pace at which households prepay their mortgages. This has implications for housing credit growth. The effect of the fall in lending rates since October 2011 on prepayments is by itself estimated to have led to a ½ to ¾ percentage point reduction in year-ended housing credit growth as of June 2013.

Suggested Citation

  • Marc-Oliver Thurner & Alexandra Dwyer, 2013. "Partial Mortgage Prepayments and Housing Credit Growth," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 31-38, September.
    • Handle: RePEc:rba:rbabul:sep2013-04
    as

    Download full text from publisher

    File URL: https://www.rba.gov.au/publications/bulletin/2013/sep/pdf/bu-0913-4.pdf
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    Citations

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    Cited by:

    1. Helen Hughson & Gianni La Cava & Paul Ryan & Penelope Smith, 2016. "The Household Cash Flow Channel of Monetary Policy," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 21-30, September.
    2. Karl Stacey & Ivailo Arsov & In Song Kim, 2015. "Structural Features of Australian Residential Mortgage-backed Securities," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 43-58, June.

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