Baghestani, Hamid - In: Cogent economics & finance 6 (2018) 1, pp. 1-10
The cyclical variation behavior of the mortgage spread has motivated some studies to investigate its relationship to … economic activity. Indeed, recent empirical findings indicate that the mortgage spread is a determinant/predictor of economic … activity. We define the mortgage spread as the difference between the 30-year mortgage and 10-year Treasury rates and ask …
