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As we come out of the regional boom, brokers share what trends they’re starting to see in 2023
Borrowers educated on rates
PEOPLE ARE now acutely more aware of their rate and repayment, where for the last few years most borrowers couldn’t have told you what their rate was. We have definitely seen a move away from frenzied purchasing of new properties into refinancing [as borrowers become] conscious of rate and debt consolidation.
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