The repurchase agreements outstanding, weighted average borrowing rates, weighted average remaining maturities, average daily balances and the fair value of collateral pledged as of June 30, 2018 and December 31, 2017 were:



	June 30, 2018			December 31, 2017
Repurchase agreements outstanding secured by:
Agency MBS (in thousands)	$	5,569,418		$	3,202,056
Non-agency MBS and Loans held for investment (in thousands)	3,557,630			4,048,396
Total:	$	9,127,048		$	7,250,452

Average balance of Repurchase agreements secured by:
Agency MBS (in thousands)	$	3,907,750		$	3,120,474
Non-agency MBS and Loans held for investment (in thousands)	3,893,703			3,203,700
Total:	$	7,801,453		$	6,324,174

Average borrowing rate of Repurchase agreements secured by:
Agency MBS	2.09		%	1.47		%
Non-agency MBS and Loans held for investment	4.02		%	3.41		%

Average remaining maturity of Repurchase agreements secured by:
Agency MBS	24 Days			28 Days
Non-agency MBS and Loans held for investment	98 Days			93 Days

Average original maturity of Repurchase agreements secured by:
Agency MBS	66 Days			87 Days
Non-agency MBS and Loans held for investment	124 Days			123 Days

MBS pledged as collateral at fair value on Repurchase agreements:
Agency MBS (in thousands)	$	5,954,878		$	3,450,123
Non-agency MBS and Loans held for investment (in thousands)	4,671,505			5,338,557
Total:	$	10,626,383		$	8,788,680

At June 30, 2018 and December 31, 2017, the repurchase agreements collateralized by MBS and Loans held for investment had the following remaining maturities.



	June 30, 2018		December 31, 2017
	(dollars in thousands)
Overnight	$	—	$	—
1 to 29 days	4,757,404		4,745,342
30 to 59 days	1,915,294		1,206,769
60 to 89 days	1,460,284		592,865
90 to 119 days	90,183		—
Greater than or equal to 120 days	903,883		705,476
Total	$	9,127,048	$	7,250,452