We study the aggregate exposure of mortgage borrowers in Switzerland to interest rate and house price risks and examine … variation. The analysis is based on a unique data set of household mortgage applications. Our results suggest that the aggregate …

current mortgage payments over the risk of possible hikes in future mortgage payments. We also provide evidence that banks do … influence the contracted mortgage rate fixation periods, trading off their own exposure to interest rate risk against the … borrowers' affordability and credit risk. Our results challenge the implicit assumption of the existing mortgage choice …

We identify the causal effect of house prices on mortgage demand and supply in Switzerland by exploiting exogenous … mortgage amounts. The full partial correlation of 0.78% suggests also positive feedback from mortgage volumes to house prices …. While we find higher house prices to increase mortgage demand, banks respond if anything with fewer offers and higher rates …

current mortgage payments over the risk of possible hikes in future mortgage payments. We also provide evidence that banks do … influence the contracted mortgage rate fixation periods, trading off their own exposure to interest rate risk against the … borrowers' affordability and credit risk. Our results challenge the implicit assumption of the existing mortgage choice …

In light of the strong increase of house prices in Switzerland, we analyze the effects of mortgage rate shocks, changes … supply for housing. Furthermore, the response of house prices to mortgage rate shocks weakened after the 1990s real estate …

and to household incomes and wealth - are by far the most important cause of Switzerland's low ownership rate …At 34%, Switzerland has the lowest home ownership rate in Western Europe. This is a puzzle given the economic strength … of the country. We use 1998 household survey data for five Swiss cantons to explore some possible reasons for this. We …

In light of the strong increase of house prices in Switzerland, we analyze the effects of mortgage rate shocks, changes … supply for housing. Furthermore, the response of house prices to mortgage rate shocks weakened after the 1990s real estate …

In contrast to many other countries, Switzerland generally has not seen soaring house prices in the 2000s and house … Switzerland which can help to explain these idiosyncrasies. We also analyze house prices and rents. The policies which are …

real estate market. Employing a new dataset for Switzerland we estimate vector autoregressive models and find substitution …

real estate market. Em-ploying a new dataset for Switzerland we estimate vector autoregressive models and find substitution …