The November prepayment reports released last week showed speeds on 30-year fixed rate mortgages falling 16% from October.

Bear Stearns researchers report that aggregate prepayments on 30-year FNMA product dipped 3 CPR to 15.4 CPR while FHLMC 30-year collateral came in at 14 CPR, dropping 2.4 CPR from the prior month.

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