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February Speeds to Reflect Low Rates: February prepayment report to show mortgage market refinancing capability

January speeds reported last week came out tame January prepayment reports released last Wednesday showed speeds that were generally in-line with previous Street projections.

According to research from Merrill Lynch, FNMA 30s increased by 8% in aggregate on the month from 8.8 CPR to 9.5 CPR. Refinancing activity, according...

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