Threshold for refinancing - 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 : 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