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Agency MBS Market Hits New Monthly Record In June as Refi Fuels Second Quarter Surge
The agency MBS market hit a crescendo of new issuance last month, pulling second quarter production levels to their third-highest level ever as U.S. borrowers capitalized on a refinance opportunity that may be closing quickly. A total of $231.91 billion of agency MBS were issued in June, breaking a monthly production record that has stood since September 2003. June’s... [Includes two charts]
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