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House Prices, Debt Burdens, and the Heterogeneous Effects of Mortgage Rate Shocks

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  • William Larson
  • Andrew Martinez

Abstract

The effects of mortgage rate changes on house prices depend on mortgage underwriting rules and the share of borrowers with extreme debt burdens (Working Paper no. 25-02).

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  • William Larson & Andrew Martinez, 2025. "House Prices, Debt Burdens, and the Heterogeneous Effects of Mortgage Rate Shocks," Working Papers 25-02, Office of Financial Research, US Department of the Treasury.
    • Handle: RePEc:ofr:wpaper:25-02
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    File URL: https://www.financialresearch.gov/working-papers/files/OFRwp-25-02_house-prices-debt-burdens-and-the-heterogeneous-effects-of-mortgage-rate-shocks.pdf
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