Break-even payment rate - The prepayment rate of an MBS coupon that will produce the same CFY as that of a predetermined benchmark MBS coupon. Used to identify for coupons higher than the benchmark coupon the prepayment rate that will produce the same CFY as that of the benchmark coupon; and for coupons lower than the benchmark coupon the lowest prepayment rate that will do so.
Break-even payment rate : the prepayment rate of an mbs coupon that will produce the same cfy as that of a predetermined benchmark mbs coupon. used to identify for coupons higher than the benchmark coupon the prepayment rate that will produce the same cfy as that of the benchmark coupon; and for coupons lower than the benchmark coupon the lowest prepayment rate that will do so.
Break-even payment rate