What is meant by prepayments due to housing turnover?
What will be an ideal response?
Housing turnover means existing home sales. The two factors that impact existing home sales include (1) family relocation due to changes in employment and family status (e.g., change in family size, divorce), and (2) trade-up and trade-down activity attributable to changes in interest rates, income, and home prices. In general, housing turnover is insensitive to the level of mortgage rates.
You might also like to view...
In most cases, prices are set by the
a) competitive market. b) largest competitor. c) selling company. d) customers.
What changes must a company make if its value chain's margin is negative?
A) The value must be decreased. B) The costs of the value chain need to be increased. C) The number of stages in the generic chain must be increased. D) The value must be increased so that it exceeds the cost.