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Secondary Mortgage Market Activity

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Mortgage originators tend to sell their fixed-rate loans to secondary-market agencies, while holding their adjustable-rate mortgages in their portfolios. As a result, secondary market activity generally drops off when adjustable-rate mortgages gain popularity.

Suggested citation: “Secondary Mortgage Market Activity,” Federal Reserve Bank of Cleveland, Economic Trends, no. 97-06, pp. 17, 06.01.1997.

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