Mortgage prepayments are down 62% from a year ago. Here’s what it says about the housing market.
Ultimately, as long as buyers are able to keep up with their regular monthly payments, fewer people making additional mortgage payments likely won’t have a significant impact on the broader housing market, one expert explains. AP Mortgage prepayment activity was down just 19.1% from March to April and 61.8% from a year ago, according to …