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Mortgage Duration

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Mortgage duration
A modification of standard duration to account for the impact on duration of MBSs of changes in prepayment speed resulting from changes in interest rates. Two factors are employed: one that reflects the impact of changes in prepayment speed or price.
Mortgage Duration
The number of years until an investor receives the present value of all income from a mortgage-backed security (including interest and principal). It is used to gauge a mortgage-backed security's sensitivity to interest rate changes. The longer a mortgage duration is, the more an MBS declines in value when interest rates rise, and the more it rises when they fall.
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Potter, at Collins Stewart, agrees: "No one knows the concentration risk - how much is in overpriced new-build flats - or just how well the typical two-year mortgage duration is suited to buy-to-let.
Landlords' agony could be contagious by guardian.co.uk / guardian.co.uk
Though shortening mortgage duration is an option when refinancing, there are not as much people who go down this road.
Getting the Best Home Loan Rate Through Refinancing Reduce Payment or ... by Alan Lim / Finance and Investment community
Refinancing your home allows you to cut the mortgage duration shorter by several years and you will be able to own full home equity in approximately half the time.
Benefits of Mortgage Refinancing by Holly Dodd / Finance and Investment community
 
 
 
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