The effects of mortgage laws on home mortgage rates
Authors:
Mark Meador
Affiliation:
Office of Policy and Economic Research, Federal Home Loan Bank Board, Washington, D.C. and Loyola College, Baltimore, Maryland, USA
Abstract:
Mortgage rates differ between regions because of usury laws, not import of mortgage funds, loan-to-value ratios, and mortgage laws. This study focuses on the effects that state laws regarding foreclosure have on regional mortgage rates.