MSR Index - August 2024
by Dr Thomas J Healy, CMB, Monday, August 19, 2024
Values on new loans went up a bit again this month. While overall industry prepay speeds are up (given declining rates), the speeds on current coupon loans has not changed materially over the last month. Discount rates, however, are down. Little change in speeds, combined with lower discount rates, results in higher values.
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