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Industry Trends

Is the financial industry leveling off?

The recent trend in the financial industry allowing banks to sell more financial products, including insurance products, is helping this market expand slightly. However, as the economy experiences numerous shifts, this industry experiences dips and peaks. As interests rates rise, people are less likely to get a new mortgage or refinance an existing one. In addition, years of low interest rates have left many consumers with higher than normal credit card debt. It is anticipated that the financial industry will level off for awhile.

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