[1993], `Household mobility, asymmetric informa- tion, and the pricing of mortgage contract rates', Journal of Urban Economics 33(2), 235-253.Rosenthal, S. S. and Z. Peter. "Household Mobility, Asymmetric Information and the Pricing of Mortgage Contract Rates." Journal of Urban Economics, ...
The article presents an update to a study which explored the association between financial frictions and household mobility in the U.S. The different types of financial frictions are highlighted which include negative equity, mortgage interest rate lock-in and property tax lock-in. According to the...