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Prepayment activity to slow in 2023 as mortgage delinquencies face pressure

Home sales tumbled more than 7% in November, marking 10 straight months of decline. Demand for refi was down a staggering 84.5% from a year ago. Prepayment activity is expected to face seasonal headwinds into early 2023. The national delinquency rate rose another 3.5%. . . .

Read more at www.housingwire.com