G2 - Financial Institutions and Services

• Discounting in Mortgage Markets

  Staff Working Paper 2011-3 Jason Allen, Robert Clark, Jean-François Houde

  This paper studies discounting in mortgage markets. Using transaction-level data on Canadian mortgages, we document that over time there's been an increase in the average discount, along with substantial dispersion.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Financial institutions, Financial services JEL Code(s): D, D4, G, G2, G21, L, L0