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Counter to the national trend, refinancings in the Tampa Bay area increased in the second quarter of this year.
According to ATTOM Data Solutions, lenders originated 41 percent more refinancing loans in April, May and June than they did in the same period a year earlier. ATTOM says this was a common pattern in markets affected by Hurricanes Irma and Harvey in 2017 as loan activity dropped off sharply in the aftermath of the storms. Houston and Miami also posted big second-quarter gains in loan originations this year.
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