When interest rates continue to fall, mortgage prepayment speeds don’t necessarily increase because people have already refinanced. This phenomonon is referred to as…what?
I can’t remember if this is a L1 or L2 term.
When interest rates continue to fall, mortgage prepayment speeds don’t necessarily increase because people have already refinanced. This phenomonon is referred to as…what?
I can’t remember if this is a L1 or L2 term.
Some kind of prepayment fatigue, it was in L2.
prepayment burnout.
Fools rush in.
This. Or refinancing burnout. Same thing.