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Mortgage Backed  Securities  Plunge
Economy, Business And Markets

Mortgage Backed Securities Plunge

Mortgage-backed securities continued to lose value this week, prompting an increase in demand for them. The downward trend of these securities took the markets by surprise considering their relative stability in recent months, ISNA reported Friday.  The latest price for mortgage-backed securities was recorded at 700,000 rials ($21 at market exchange rate). The sluggish housing market is widely to blame for the condition. 

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