Prepayment rates for Freddie Mac mortgage-backed securities were flat for most coupons in the latest reporting period, resulting in "one of the most placid prepayment reports in recent memory," according to the Bear Stearns Prepayment Commentary.

Speeds were nearly unchanged for Freddie Mac 6%-8% MBS coupons, as the biggest moves in constant prepayment rates ranged from 0.3-0.7 CPR among major cohorts, analysts Dale Westhoff and Bruce Kramer said.

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