Today in Mortgages

Today in Mortgages we give you an inside peek of how we are talking to our people about the rising rates. It's important to understand what's happening in the market so you can help explain it to your buyers. Listen in as Rich coaches our team on the current volatile climate we are living in and what this means for our industry.
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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 of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. Visit our website at nflp.com/licenses for all state licensing and other legal information.

See more at TodayInMortgages.com

Want to get expert coaching everyday and have the power of the best Network in Mortgages behind your production business? Learn more here.

Learn more about Network Funding on our parent site. 

Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. Corporate office located at 10370 Richmond Ave. Suite 900, Houston, TX 77042. 

The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. Visit our website at nflp.com/licenses for all state licensing and other legal information.

Today we talk all about mortgages rates and existing home sales, looking at a chart from Visual Capitalists that highlights the divide between these two since 2016. Ultimately when rates go up, less homes get sold. Thankfully, these should level out over time, but we are in unprecedented times. Mortgage professionals need to get out there and educate buyers on the realities of the market, while also listening to their fears and concerns. You got this! 

Listen in as we discuss this and more!

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Grow Your Business: https://join.nflp.com/
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FREE MARKETING RESOURCE: https://todayinmortgages.com/marketing

_________ 

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 of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. 

Visit our website at nflp.com/licenses for all state licensing and other legal information.

See more at TodayInMortgages.com

Want to get expert coaching everyday and have the power of the best Network in Mortgages behind your production business? Learn more here.

Learn more about Network Funding on our parent site. 

Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. Corporate office located at 10370 Richmond Ave. Suite 900, Houston, TX 77042. 

The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. Visit our website at nflp.com/licenses for all state licensing and other legal information.

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 mortgage professionals, it good to know what's going in the world, not only so you can talk to your borrowers about it, but to be a considerate human being and neighbor. 

Listen in as we discuss today's topic.

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Grow Your Business: https://join.nflp.com/
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FREE MARKETING RESOURCE: https://todayinmortgages.com/marketing

_________ 

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 of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. 

Visit our website at nflp.com/licenses for all state licensing and other legal information.

See more at TodayInMortgages.com

Want to get expert coaching everyday and have the power of the best Network in Mortgages behind your production business? Learn more here.

Learn more about Network Funding on our parent site. 

Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. Corporate office located at 10370 Richmond Ave. Suite 900, Houston, TX 77042. 

The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. Visit our website at nflp.com/licenses for all state licensing and other legal information.

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! 

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Grow Your Business: https://join.nflp.com/
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FREE MARKETING RESOURCE: https://todayinmortgages.com/marketing

_________ 

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 of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. 

Visit our website at nflp.com/licenses for all state licensing and other legal information.

See more at TodayInMortgages.com

Want to get expert coaching everyday and have the power of the best Network in Mortgages behind your production business? Learn more here.

Learn more about Network Funding on our parent site. 

Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. Corporate office located at 10370 Richmond Ave. Suite 900, Houston, TX 77042. 

The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. Visit our website at nflp.com/licenses for all state licensing and other legal information.

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 mortgage professionals need to be able to respectfully have these  informed conversations with our customers without crossing party lines. Listen in as we discuss this and more! 

Article: https://thehill.com/opinion/campaign/4228493-how-rfk-jr-will-level-the-playing-field-for-working-class-americans/

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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 housing lender, NMLS# 2297. 

The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. 

Visit our website at nflp.com/licenses for all state licensing and other legal information.

See more at TodayInMortgages.com

Want to get expert coaching everyday and have the power of the best Network in Mortgages behind your production business? Learn more here.

Learn more about Network Funding on our parent site. 

Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. Corporate office located at 10370 Richmond Ave. Suite 900, Houston, TX 77042. 

The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. Visit our website at nflp.com/licenses for all state licensing and other legal information.

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 help our borrowers understand. 

Listen in as we discuss these three pain points and more!

Article: https://www.realtor.com/news/trends/confused-by-the-housing-market-youre-not-alone-we-explain-the-head-spinning-contradictions/

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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 housing lender, NMLS# 2297. 

The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. 

Visit our website at nflp.com/licenses for all state licensing and other legal information.

See more at TodayInMortgages.com

Want to get expert coaching everyday and have the power of the best Network in Mortgages behind your production business? Learn more here.

Learn more about Network Funding on our parent site. 

Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. Corporate office located at 10370 Richmond Ave. Suite 900, Houston, TX 77042. 

The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. Visit our website at nflp.com/licenses for all state licensing and other legal information.

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: https://www.foxbusiness.com/personal-finance/annual-mortgage-delinquency-rate-increases

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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 housing lender, NMLS# 2297. 

The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. 

Visit our website at nflp.com/licenses for all state licensing and other legal information.

See more at TodayInMortgages.com

Want to get expert coaching everyday and have the power of the best Network in Mortgages behind your production business? Learn more here.

Learn more about Network Funding on our parent site. 

Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. Corporate office located at 10370 Richmond Ave. Suite 900, Houston, TX 77042. 

The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. Visit our website at nflp.com/licenses for all state licensing and other legal information.

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!

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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 housing lender, NMLS# 2297. 

The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. 

Visit our website at nflp.com/licenses for all state licensing and other legal information.

See more at TodayInMortgages.com

Want to get expert coaching everyday and have the power of the best Network in Mortgages behind your production business? Learn more here.

Learn more about Network Funding on our parent site. 

Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. Corporate office located at 10370 Richmond Ave. Suite 900, Houston, TX 77042. 

The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. Visit our website at nflp.com/licenses for all state licensing and other legal information.

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 discuss this and more!

Article links: https://fortune.com/2023/09/18/housing-market-affordability-strained-mortgage-rates-home-prices/

https://statics.teams.cdn.office.net/evergreen-assets/safelinks/1/atp-safelinks.html

See more at TodayInMortgages.com

Want to get expert coaching everyday and have the power of the best Network in Mortgages behind your production business? Learn more here.

Learn more about Network Funding on our parent site. 

Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. Corporate office located at 10370 Richmond Ave. Suite 900, Houston, TX 77042. 

The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. Visit our website at nflp.com/licenses for all state licensing and other legal information.

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 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 housing lender, NMLS# 2297. 

The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. 

Visit our website at nflp.com/licenses for all state licensing and other legal information.

See more at TodayInMortgages.com

Want to get expert coaching everyday and have the power of the best Network in Mortgages behind your production business? Learn more here.

Learn more about Network Funding on our parent site. 

Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. Corporate office located at 10370 Richmond Ave. Suite 900, Houston, TX 77042. 

The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. Visit our website at nflp.com/licenses for all state licensing and other legal information.