The result of the study also shows that as the interest rate declines, the price change of the MBS is different from that of callable bonds, due to the partial prepayment of the mortgagors.

• 研究结果发现，由于部分提前清偿的原因，在市场利率下跌时，不动产抵押权证券之价格涨势趋缓，并不像一般可赎回公司债般在一特定价格被锁定全额赎回。