Pretorius, F; So, W.M.; Chau, K.W. - In: Journal of Financial Management of Property and Construction 10 (2005) 3, pp. 147-158
causes for prepayment, these studies are mostly based on fixed‐rate mortgages, with little work on variable‐rate or floating … on the historical aggregate pre‐payment experience of a sample of variable rate mortgages in Hong Kong, which func …‐tions under a Currency Board Mechanism that determines exogenously the level and term structure of interest rates. With variable …