The Federal Reserve Board eagle logo links to home page

Skip to: [Printable Version (PDF)] [Bibliography] [Footnotes]
Finance and Economics Discussion Series: Data for paper 2011-21

Are Adjustable-Rate Mortgage Borrowers Borrowing Constrained?

Kathleen W. Johnson and Geng Li

Chart 1: Share of ARM Originations

Year CEX SCF MBA
1990 13.02 17.52 6.67
1991 13.04 12.84 7.49
1992 10.64 14.4 13.68
1993 9.79 10.67 13.1
1994 14.99 17.46 23.59
1995 13.26 18.17 20.33
1996 10.63 13.46 21.12
1997 10.39 11.53 17.22
1998 7.83 10.04 9.61
1999 6.45 11.62 21.58
2000 9.87 17.23 24.32
2001 5.51 8.14 11.71
2002 7.74 9.96 16.38
2003 8.27 11.82 20.03
2004 12.61 19.19 33.44
2005 13.92 23.85 32.39
2006 8.55 20.3 28.55
2007 10.53 11.89 13.89
2008 10.57   7.27
This version is optimized for use by screen readers. Descriptions for all mathematical expressions are provided in LaTex format. A printable pdf version is available. Return to Text