Mortgage Refinancing Wave is Not Letting Up, to Investors’ Chagrin

Bloomberg, Dec. 2, 2020–Christopher Maloney
Mortgage investors will carry unpleasant memories of this year’s surging prepayment speeds, yet as the calendar flips there appears little chance of near-term relief. While this has been a boon for American homeowners who have lowered their mortgage payments by refinancing, it keeps bond investors up at night.
https://www.bloomberg.com/news/articles/2020-12-02/mortgage-refinancing-wave-not-letting-up-to-investors-chagrin?srnd=fixed-income