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In mortgages, refinancing burnout is the tendency for prepayments to drop after rates fall, rise, and fall again. In other words, when interest rates keep on dropping, those who can benefit by taking advantages of refinancing will have done so already when rates declined in previous periods and this prepayment behavior is called refinancing burnout. ==References== * ''Collateralized Mortgage Obligations: Structures and Analysis'' by Frank Fabozzi * ''Pricing Mortgage backed securities using prepayment functions and pathwise Monte Carlo Simulation'' by Osman Acheampong * ''Bond Portfolio Management'' by Frank Fabozzi * http://www.investopedia.com/terms/b/burnout.asp 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Refinancing burnout」の詳細全文を読む スポンサード リンク
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