Mortgage
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TOPIC: Globalisation » Economy » Finance » Banks » Mortgage
Category
quotes
Date
2006-02-03
Actor
Feldstein, Martin
Source
Nber.org
Uploaded date
2009-09-30
Uploaded by
Ingvar Örn Ingvarsson

Homeowners Who Refinanced their Mortgages

Homeowners who refinanced their mortgages took out cash and reduced their monthly payments at the same time. Much of the cash obtained by refinancing was spent on consumer durables, home improvements and the like.
Martin Feldstein
Professor of economics at Harvard University and president of the US National Bureau of Economic Research, in an interview.

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