The rate at which an MBS coupon would be prepaid so that it will give the same CFY that a particular benchmark MBS coupon would give. For those coupons that exceed the benchmark coupon, this is helpful in determining the rate of the prepayment that will give the same CFY as the benchmark coupon. For those coupons that are below the benchmark coupon, this rate will help in determining the lowest rate of prepayment that will give the same CFY as the benchmark coupon.

Related information about break-even payment rate:

1. Break-even payment rate - Financial Dictionary - The Free Dictionary
   The prepayment rate of an MBS coupon that will produce the same cash flow yield (CFY) as that of a predetermined benchmark MBS coupon. Used to identify for ...
    
2. Breakeven rate - Financial Dictionary - The Free Dictionary
   Break-Even Chart · Break-Even Equation · Break-even lease payment · Break- even payment rate · break-even point · Break-Even Sales · Break-Even Tax Rate ...
    
3. What is break-even payment rate? definition and meaning
   Definition of break-even payment rate: The rate at which an MBS coupon would be prepaid so that it will give the same CFY that a particular benchmark MBS ...
    
4. Break-even payment rate
   The prepayment rate of a MBS coupon that will produce the same CFY as that of a predetermined benchmark MBS coupon. Used to identify for coupons higher ...
    
5. Break Even Payment Rate Definition
   Break Even Payment Rate Rate at which a MBS coupon will be prepaid so that it gives the same CFY that a given benchmark MBS coupon would. For coupons.
    
6. Break-even lease payment Definition - NASDAQ.com
   Nearby Terms. Break priceBreak-even analysisBreak-even lease paymentBreak- even payment rateBreak-even point. Investing Essentials. Investing; Stocks ...
    
7. B Definitions: Campbell R. Harvey's Hypertextual Finance Glossary
   Break-even payment rate: The prepayment rate of an MBS coupon that will produce the same cash flow yield (CFY) as that of a predetermined benchmark MBS ...
    
8. Break-even analysis - Financial Definition
   Break-even payment rate. The prepayment rate of a MBS coupon that will produce the same CFY as that of a predetermined benchmark MBS coupon. Used to ...