The agency prepayment reports for January were released last night. The report showed, according to FTN Financial analysts, the U.S. government has been successful in the near term at least, to add some liquidity to the mortgage finance sector. 

For the 30-year market, FNMA, FHLMC Golds, GNI and GNII speeds were faster by 107%, 108%, 45% and 46%, respectively, reported FTN analysts.  Currently, the one-month speeds stand at 17, 18, 23 and 25, which increased around threefold from the nadir in last November's report.

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