| 释义 |
Threshold for refinancing Threshold for refinancingThe point when the weighted-average coupon of an MBS is at a level to induce homeowners to prepay the mortgage in order to refinance to a lower-rate mortgage, generally reached when the weighted-average coupon of the MBS is 2 percentage points or more above currently available mortgage rates.Threshold for RefinancingThe interest rate on a mortgage or a mortgage-backed security that is high enough to encourage property owners to refinance their mortgages at lower rates. If enough property owners refinance, this may affect the yield on a mortgage-backed security, depending upon its particular type. Generally speaking, the threshold for refinancing is two percentage points above prevailing interest rates. |