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06
Mar
The percentage of loans paying off on their balloon date was 68.8% in February. This was the third straight month in which the rate declined. The payoff rate was 71.3% in January, 76.5% in December, and 81.3% in November. The latter was the highest rate in the last five years. (Trepp began measuring this statistic in August 2008.) The February payoff percentage is the same as the 12-month moving average of 68.8%. This number sums the averages of each...