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Posted Rates as Signals in Mortgage Lending Markets


A discussion of how mortgage lenders might use posted lending terms to signal both their eagerness to take new loan applications and their lending standards.


Suggested citation: Avery, Robert, Patricia Beeson, and Mark Sniderman, 1994. “Posted Rates as Signals in Mortgage Lending Markets,” Federal Reserve Bank of Cleveland, Working Paper no. 94-19.

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