PLEASANTON, Calif.-Despite a predictable drop in refinance activity as interest rates rise, Patelco Credit Union is posting strong mortgage numbers thanks to an increased emphasis on jumbo mortgage products.

Vince Salinas, VP home loans at the $3.9 billion CU, said the improvement in purchase mortgages is making up for the loss of refis. Through August, Patelco's first mortgage production is 40% ahead of all of 2012.

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