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Tag Archives: Loan Terms

Analyzing the Rise of Shorter-Term Refinances

According to CoreLogic's data, shorter-term refinances (those with lifespans of less than 30 years) accounted for nearly 40 percent of market share in 2013, a vast leap from less than 14 percent in 2006. Of that total, 15-year loan terms contributed 27.3 percentage points, more than tripling in market share since 2007. However, with rates slowly but steadily climbing, the popularity of shorter-term refinances may be short-lived.

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