As the real estate market in the Spokane area remains scorching hot, so does the mortgage lending market, credit union representatives here say.

However, they’re also in agreement that the current low-rate environment can’t last, and some are working to find creative ways to get underserved members into the homebuyer market.

Troy Clute, senior vice president of Spokane Valley-based Numerica Credit Union’s home loan center, says mortgage volume increases in 2020 were driven by low rates and an active purchase market.

Clute says refinancing has been an especially busy corner of the market.

“I’ve been doing this for about 24 years, and I’d been through several refi booms, but none hit quite as fast and quite as hard as last

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