Discussion Paper
Do People Leave Money on the Table? Evidence from Joint Mortgage Applications and the Minimum FICO Rule
Yao, Vincent W.; Wu, Weifeng; Li, Geng (2016-03-28)
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.
FEDS Notes , Paper 2016-03-28