The trading volume of mortgage-rights servicing (MSRs) so far this year is on pace to meet or exceed last year’s robust mark, when MSRs on some $1 trillion worth of home loans exchanged hands — then fueled by the spike in interest rates, industry players say.

As of late April 2023, mortgage interest rates, though still volatile, have been on a downward trajectory since the start of the year. That should be a drag on MSR pricing and trading, given MSR values tend to decline as interest details ⇒

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