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Consider the following pool of mortgages: 100 mortgages with initial balance of $389,377, interest rate 3.4%, issued for 30 years with monthly payments 50 mortgages
Consider the following pool of mortgages: 100 mortgages with initial balance of $389,377, interest rate 3.4%, issued for 30 years with monthly payments 50 mortgages with initial balance of $295,023, interest rate 4.7%, issued for 15 years with monthly payments What is the Weighted Average Maturity for this pool at origination? Express your answer in months rounded to 2 decimal points (e.g. if your answer is 5.6744 months, write 5.67). . Consider the following pool of mortgages: 100 mortgages with initial balance of $389,377, interest rate 3.4%, issued for 30 years with monthly payments 50 mortgages with initial balance of $295,023, interest rate 4.7%, issued for 15 years with monthly payments What is the Weighted Average Maturity for this pool at origination? Express your answer in months rounded to 2 decimal points (e.g. if your answer is 5.6744 months, write 5.67)
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