Cross-section data about fixed versus adjustable mortgages for 78 households.
A data frame containing 78 observations on 16 variables.
Factor with levels
Age of the borrower.
Years of schooling for the borrower.
Net worth of the borrower.
Fixed interest rate.
Ratio of points paid on adjustable to fixed rate mortgages.
Ratio of maturities on adjustable to fixed rate mortgages.
Years at the present address.
Factor. Is the borrower married?
Factor. Is the borrower a first-time home buyer?
Factor. Is the borrower self-employed?
The difference between the 10-year treasury rate less the 1-year treasury rate.
The margin on the adjustable rate mortgage.
Factor. Is there a co-borrower?
The data is from Baltagi (2002).
Baltagi, B.H. (2002). Econometrics, 3rd ed. Berlin, Springer.
Dhillon, U.S., Shilling, J.D. and Sirmans, C.F. (1987). Choosing Between Fixed and Adjustable Rate Mortgages. Journal of Money, Credit and Banking, 19, 260–267.
data("Mortgage") plot(rate ~ interest, data = Mortgage, breaks = fivenum(Mortgage$interest)) plot(rate ~ margin, data = Mortgage, breaks = fivenum(Mortgage$margin)) plot(rate ~ coborrower, data = Mortgage)