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Near-Term Prepayment Outlook on Agency MBS


By Sally A. Runyan/Thomson Reuters

May 4, 2009

Refinancing response has been relatively muted relative to the historically low mortgage rate levels that the market has been seeing lately. The Mortgage Bankers Association's Refinance Index in the week ending April 17 was at 6,541 with the 30-year fixed mortgage rate at 4.82%, according to Freddie Mac.

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