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.
Avery, Robert B. , Patricia E. Beeson, and Mark S. Sniderman. 1994. “Posted Rates as Signals in Mortgage Lending Markets” Federal Reserve Bank of Cleveland, Working Paper No. 94-19. https://doi.org/10.26509/frbc-wp-199419