The Real Estate Encyclopedia
Mortgage-Backed Securities
Category - Real Estate Glossary - Real Estate Terminology
Securities similar to bonds, but having their value based on a pool of mortgages. The rate of return is based on the interest rate of the mortgages, plus early payoffs, which increases the value of any discounts. The price of the securities will vary as interest rates rise and fall.
 
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Real Estate Glossary - Real Estate Terminology
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