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Auto refinance activity surges YoY in Q3 despite rate hike

Caribou auto refi applications rose 50%; Auto Approve’s rose 25.5% in Q3

Despite the Federal Reserve’s recent interest rate hike, auto refinance activity surged in the third quarter as consumers across the credit spectrum seek monthly payment relief. The number of auto applications for refinancer Caribou rose 50% year over year in Q3, President Eric Stradley told Auto Finance News. Consumers refinanced to take on longer terms […]

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