How Do Mortgage Refinances Affect Debt, Default, and Spending?

Cambridge, MA and livestream on Twitter
Hosted By:
Joint Center for Housing Studies of Harvard University

In this talk, JCHS Meyer Doctoral Fellow Joshua Abel will discuss research that indicates that on average, refinancing into a lower-rate mortgage reduced borrowers' default rates on mortgage and non-mortgage debts by about 40 and 25 percent, respectively.