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January Refinances Rise, New Report Shows
By Roy UrricoThe Origination Insight Report indicates the jump in refinancing is due to "seasonality with lower purchase volume tied to the holiday season."
CU Times compiles our exclusive data sets in combination with information received from NCUA and other federal agencies to give a clear view of lending trends involving credit unions (i.e. mortgage, auto loans, HELOCs, student loans).
The Origination Insight Report indicates the jump in refinancing is due to "seasonality with lower purchase volume tied to the holiday season."