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%. . . .

[su_button url=’https://www.housingwire.com/articles/prepayment-activity-to-slow-in-2023-as-mortgage-delinquencies-face-pressure/’ target=’_blank’ style=’ghost’ background=’#010066′ color=’#010066′ size=’2′ wide=’no’ center=’no’ radius=’auto’]Read more at www.housingwire.com[/su_button]