Mortgage prepayments have fallen 62% from a year ago. This is what that says about the housing market.

Econ & Housing

Ultimately, as long as buyers are able to keep up with their regular monthly payments, fewer people making extra mortgage payments probably isn’t going to have a massive impact on the broader housing market, explains one expert. AP Mortgage prepayment activity fell 19.1% just from March to April and 61.8% from a year ago, according…

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