Powell's 'Continuity' Promise Foretells Still Slower Mortgage-Backed Securities Speeds

Bloomberg Powell's 'Continuity' Promise Foretells Still Slower Mortgage-Backed Securities Speeds Bloomberg New Fed Chairman Jerome Powell's pledge to "provide for continuity in monetary policy" points to higher rates through year-end and continued muted prepayment speeds for mortgage-backed securities. With the 30-year mortgage rate sporting a robust 0.73 ... and more »...(read more)

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