Discussion Paper

Do People Leave Money on the Table? Evidence from Joint Mortgage Applications and the Minimum FICO Rule


Abstract: There is mounting evidence that households make suboptimal savings and investment decisions. this note presents novel evidence that many mortgage borrowers appear to have failed to apply for mortgages that give the lowest interest rates.

https://doi.org/10.17016/2380-7172.1718

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Bibliographic Information

Provider: Board of Governors of the Federal Reserve System (U.S.)

Part of Series: FEDS Notes

Publication Date: 2016-03-28

Number: 2016-03-28