I investigate the impact of COVID-19 on the housing market, with a focus on mortgage interest rates. Rising COVID-19 fatalities result in higher mortgage interest rates. I use the Gaussian Copula approach to establish causality between COVID-19 fatalities and mortgage interest rates. Finally, I present a thorough examination of the mechanisms by which COVID-19 fatalities influence mortgage interest rates. The health concern channel is the most important. Banks raise the interest rate because they are concerned about the borrower's health or potential death. Lower interest rates for borrowers who alleviated this type of worry from banks by purchasing mortgage insurance.

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COVID-19 死亡风险溢价和抵押贷款利率

我调查了 COVID-19 对房地产市场的影响，重点是抵押贷款利率。 COVID-19 死亡人数上升导致抵押贷款利率上升。我使用高斯 Copula 方法来确定 COVID-19 死亡人数与抵押贷款利率之间的因果关系。最后，我对 COVID-19 死亡人数影响抵押贷款利率的机制进行了彻底的研究。健康关注渠道是最重要的。银行提高利率是因为担心借款人的健康或潜在的死亡。通过购买抵押贷款保险减轻银行的此类担忧的借款人可以享受较低的利率。