Prepayments rebound after earlier drop

Mon April 24, 2017

The monthly prepayment rate ticked up slightly month-to-month after dropping to a three-year low earlier this year.

March’s monthly prepayment rate of 0.96% was a little over 20% higher than it was in February but it is down almost 26% year over year, Black Knight Financial Services reported Friday.

Read more on National Mortgage News