Monday, April 9, 2007

U.S. mortgage bond prepayments increase in March

(Reuters) - Overall fixed-rate agency prepayment speeds rose by 15 percent in March, with the paydowns increasing to $40 billion from $34.5 billion, JPMorgan said in a report issued late last week.

Net fixed-rate, mortgage-backed securities issuance was about $25 billion, the company said in a research report.


Read more at Reuters.com Economic News

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