Conventional Prepayment Speeds Surge in August; 6.5% Coupons Shatter Records Thanks to Refis
September 13, 2002
A new Bear Stearns report says August prepayment speeds rose across the coupon and vintage spectrum of Fannie Mae and Freddie Mac MBSs, with the largest percentage increases concentrated in the 6.5 percent and 6 percent coupons.