Prepayments - Market Update

Mortgage prepayments reached a 3.5-year high in October, with lower rates prompting more refinancing and delinquency rates falling. AI Summary Mortgage prepayments climbed to their highest level in ... Agency mortgage-backed securities prepayments continued their downward spiral, propelled by rising mortgage rates and a shorter calendar month, analysts claim.

Overall, prepayments were largely in ... NOTE: "With Prepayments" is the best alternative based on present worth of cost analysis through DEC2002. Notice that with prepayments you pay off the loan in slightly more than 15 years. Also, the ...

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