National Conventional Refis Rise in January

The number of Conventional Refinance loans originated in January rose to 284,872 from a December National Total of 187,638. Take a look at the chart below to see the monthly trend for the last year.

Click on the image below for a larger view.

We expect these numbers to continue to rise in February given the trend in interest rate reductions. Check back next month to see if we are right.