The following article is adapted from pone that appeared in the Aug. 20 issue of Prudential Securities' "The Mortgage and Asset-Backed Market Review."

Many investors now fear that an increase in short-term rates, together with a flattening of the yield curve, could result in a significant rise in refinancing of adustable-rate loans into fixed-rate mortgages.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.