The U.S. Treasury 10-year closed April at 4.17%, from 4.23% at the end of March. Despite the slight downtick in rates, investor demand for MSRs remains strong, with select offerings clearing at mid to high 6x execution multiples.
Tag: MIAC Analytics
MIAC Analytics’ Michael Carnes: Is It Time to Talk About Recapture?
One may think it’s counter-intuitive to be discussing recapture at a time where primary mortgage rates are still hovering above 7%, but recapture is still playing a role in MSR pricing.