End of Refi Boom Could Put Squeeze on Credit Unions in 2021

American Banker, Dec. 22, 2020–Jackie Stewart (subscription)
Mortgage lending has skewed toward refinancing this year, thanks to historically low rates. Overall, the number of originations in 2020 was expected to be up about 44% compared to last year, with refinancing of 1-to-4 family loans making up 56% of this activity, according to Mortgage Bankers Association data. In 2019, refinances were 44% of originations.
https://www.americanbanker.com/creditunions/news/end-of-refi-boom-could-put-squeeze-on-credit-unions-in-2021