The point when the weighted average coupon of an M.B.S. is at a level to induce homeowners to prepay the mortgage in order to refinance to a lower-rate mortgage, generally reached when the weighted average coupon of the M.B.S. is 2% or more above currently available mortgage rates.
THRESHOLD FOR REFINANCING
Meaning of THRESHOLD FOR REFINANCING in English
Campbell R. Harvey. Hypertextual finance English glossary. Английский словарь гипертекстовых финансов. 2012