Answer the below questions. (a) What factor can be used as a proxy for cash-out refinancing incentives?

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Answer the below questions.
(a) What factor can be used as a proxy for cash-out refinancing incentives?
(b) Why are prepayments attributable to cash-out refinancing likely to be insensitive to changes in mortgage rates?

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Bond Markets Analysis and Strategies

ISBN: 978-0133796773

9th edition

Authors: Frank J.Fabozzi

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Question Posted: Aug 22, 2015 07:33 AM

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Answer the below questions. (a) What factor can be used as a proxy for cash-out refinancing incentives?

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a Cashout refinancing is driven by price appreciation that has occurred since the origination of the ...View the full answer

Bond Markets Analysis and Strategies

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