Today in Mortgages

Today in Mortgages we discuss the effects of the heartbreaking conflict in Israel on the U.S. Market. Historically, investors usually retreat into Treasury Bonds when times are unknown like this, which we've seen, and rates are a little better today, reducing the effect we thought we might see in mortgage rates. In addition, analyst predict a 50% chance of no rate bump in December. As mortgag...

Today in Mortgages we take you behind the scenes at Network Funding, to highlight our coaching from the one and only, Rich Jefferson. Listen in as Rich encourages and supports our people - and now you too!  _______ Grow Your Business: https://join.nflp.com/ ______ FREE MARKETING RESOURCE: https://todayinmortgages.com/marketing _________  Today in mortgages is produced by Network Funding, LP, which...

With an upcoming election we discuss what is at the forefront of American minds: the economy. Today's article "Bring Back the 3% Mortgage" has an idea of how to save the economy, calling for tax-free bonds backed by the government. Details are light in the article, but essentially "the cost to the taxpayer would be minimal" but could this undercut the free market?  We as m...

Today we discuss an article from Realtor.com that discusses market contradictions.  The article finds 3 main pain points:  1. Why home prices continue to rise despite affordability issues? 2. Interest rates that are too high 3. The steady growth of new construction in a high interest rate market There's a lot of confusion out there, and it's our job as professionals to do our research to...

Today we discuss an article from Fox Business which finds mortgage delinquencies are down by 1%. With most home-owners locked into lower mortgage rates, we don't anticipate many owners defaulting on their loans; they are going to protect their most important asset. As loan professionals, we need to continue doing our best to prequalify our borrowers.  We discuss this and more!  Article Link:...

Today we discuss possible changes coming in the way buyer's agents are compensated. An article from Housing Wire talks about a lawsuit from 2019 that was finally settled, but the ramifications of these lawsuits are huge, leading to the questions: how and who is going to pay buyer's agents going forward. Listen in as we discuss this and more! _______ Grow Your Business: https://join.nflp....

Today we discuss an article from Fortune titled "House Poor is Back" which finds homes are less affordable than ever. The article claims that for homebuyers making today's median household income, it would take 50% of their pay to cover their mortgage. We discuss why house affordability is a problem, but it may not be as bad as this article leads us to believe.  Listen in as we disc...

Today we discuss the drop in mortgage demand according to today's article from CNBC. We discuss why demand has dropped, and how we as mortgage professionals can coach borrowers and realtors on why they shouldn't wait to buy.  Listen in as we discuss this and more! Article link: https://www.cnbc.com/2023/09/13/mortgage-demand-stalls-at-a-level-not-seen-since-1996.html _______ Grow Your Bu...

Today we are taking you inside the the Network so you can see how we are making our people more knowledgable. Rich's daily message discusses how to capture Gen Z buyers who are a growing number of borrowers. He coaches his people on how to be the most successful in reaching this group. Listen in as Rich explains how these first-time buyers operate! _______ Grow Your Business: https://join.nfl...

Today we discuss Warren Buffet's fund making big investments in the home industry. His $800 Million dollar investment gives builders the opportunity to build faster, meeting the increased housing demand. New builds make up 30% of all listing. This capital infusion is great in building confidence in our industry. Listen in as we discuss this and more! Article: https://apnews.com/article/home-e...

Housing inventory is at the highest it's been all year, but that is still not very high. We discuss what factors are leading to this inventory issue, but there is a  silver lining in all this: price reductions. Listen in as we discuss this, and how we should be talking to our borrowers. Article: https://www.housingwire.com/articles/housing-inventory-is-at-its-highest-point-all-year/?utm_campa...

Home builders have ramped up production! We discuss why this is an ideal time for building and moving homes, and how we as  mortgage professionals should be looking at new starts as opportunity in our own pipelines.  Today's Article on CNN Business: https://www.cnn.com/2023/08/16/homes/new-home-building-july/index.html#amp_tf=From%20%251%24s&aoh=16922974135215&referrer=https%3A%2F%2Fw...

Over 8% of all homes in America are worth a million dollars or more. We discuss how COVID, low inventory, and higher rates has led to staggering home price appreciation and how this effects your buyers. Today's Article: https://markets.businessinsider.com/news/commodities/housing-market-outlook-home-prices-value-million-inventory-finance-mortgage-2023-8 Want to know more about this subject? W...

In today's episode we discuss a survey from the Scotsman Guide that found homebuyers aren't in the loop about medium home prices or interest rates. What does this mean as mortgage professionals? We need to educate our first-time borrowers!  Listen in as we discuss today's news. _______ Grow Your Business: https://join.nflp.com/ ______ FREE MARKETING RESOURCE: https://todayinmortgage...

What is You+ and Network Funding? We share about our company's newest tool in this special episode! Get a peek behind the curtain to see what we are all about! Check us out at join.nflp.com _______ Grow Your Business: https://join.nflp.com/ ______ FREE MARKETING RESOURCE: https://todayinmortgages.com/marketing _________  Today in mortgages is produced by Network Funding, LP, which is an equal...

Yesterday (August 2nd) Fitch downgraded the United States credit. Markets are still responding. What will the impact be on the mortgage and real estate industry? We discuss on this episode of Today in Mortgages. _______ Grow Your Business: https://join.nflp.com/ ______ FREE MARKETING RESOURCE: https://todayinmortgages.com/marketing _________  Today in mortgages is produced by Network Funding, LP,...

Today we're looking at 4 indicators highlighted in an article from National Mortgage Professional: 1. There were 28% fewer homes for sale this June than one year ago 2. Homeowners with rates above 5% twice as likely to list 3. Monthly mortgage payment up 13% YOY 4. Avg. home price hits $350,000! Is this enough to tip the scales back to a healthier housing market? Listen in as we discuss. ____...

Today we discuss an article that is offering ideas to entice more homeowners to sell their homes and alleviate this meager housing market. We talk about this & more, listen in as we discuss todays news!  Article: https://www.nerdwallet.com/article/mortgages/mortgages-property-line-pay-homeowners-to-sell _______ Grow Your Business: https://join.nflp.com/ ______ Today in mortgages is produced by...

Today we talk about the latest Fed rate hike.  We discuss if we think this will be the last bump and more!  Listen in as we discuss todays news! _______ Grow Your Business: https://join.nflp.com/ ______ Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297.  The content of this program is meant to be a commentary on mortgage and real estate news and an...

Today we discuss an article from Reuter's that finds housing permits are at a 12-month high, and how this paired with a shortage of pre-owned houses for sale supports new construction. We discuss this and more in today's episode! Article Link: https://www.reuters.com/markets/us/us-single-family-housing-starts-fall-june-permits-increase-2023-07-19/ _______ Grow Your Business: https://join...

Today Michael discusses prices, inventory and rates from the recent Morningstar article. Listen in as he breaks down this article! Article Link: https://finance.yahoo.com/news/morningstar-makes-bold-call-housing-194921413.html _______ Grow Your Business: https://join.nflp.com/ ______ Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297.  The content o...

Today Rich coaches us about consumer equity and how to talk to our borrowers about using their assets to increase their home value. _______ Grow Your Business: https://join.nflp.com/ ______ Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. The content of this program is meant to be a commentary on mortgage and real estate news and any discussion o...

Today we discuss an article from the Washington Post about 30 year fixed rate mortgages and whether it's helping or hurting our economy. Listen in as we discuss today's news! Read the full article: https://www.washingtonpost.com/business/2023/06/27/what-s-saving-the-us-housing-market-the-30-year-mortgage/ad2848b0-14dc-11ee-9de3-ba1fa29e9bec_story.html _______ Grow Your Business: https://...

Today we discuss a recent survey from Lending Tree that finds 15% of mortgage requests come from Gen Z! We discuss what are the factors around this statistic and how us as mortgage lenders can reach this generation.  Listen in  as we discuss today's news! Read the full article: https://www.lendingtree.com/home/mortgage/the-most-popular-us-cities-for-gen-z-homebuyers-ranked/ _______ Grow Your...

Today we discuss chairman Powell’s long view on the inflation fight. We've made some major improvement on inflation over the last year, but we aren't there yet.  Listen in  as we discuss today's news! _______ Grow Your Business: https://join.nflp.com/ ______ Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297.  The content of this prog...