Last week's rise in mortgage rates will continue to dissipate refinancings, sources say, in line with a trend that started last year and is expected to continue going forward, especially for bonds with lower coupons.

Additionally, data released last week from Freddie Mac indicates that prepayments are going to continue their descent over the next few months, reflecting the declining seasonal trend in home sales and rising mortgage rates.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.