by Dr Thomas J Healy, CMB

2023-10-31 Actual Mortgage Prepayment Speeds

Tuesday, November 14, 2023

Speeds have hit a new low.  Mortgage rates are once again up significantly from September, and payoffs continue to decline.  While some of this may be due to seasonality, low existing mortgage rates contribute to this prepay lethargy.  The average coupon of all loans outstanding in this database ($5.8T) is 3.68% with over 85% of all loans outstanding having a coupon <= 4.99%.  In today's 7.5% rate environment, payoffs are going to stay low for quite awhile to come.

Contact Us

Our team is hands-on and knowledgeable, reach out to us for any consultation needs or questions.

Email Us

Call Us

+1 954-483-3424

Please provide your first name.
Please provide your last name.
Please provide your email.
Please provide your company.
Please provide your message.
Your message has been sent. Thank you!