Is co-borrowing a good idea? In this episode, we delve into the intricacies of co-borrowing in the realm of mortgage and real estate. Tune in as we explore several key points: The benefits and risks of co-borrowing. How co-borrowing affects credit scores and loan eligibility. Strategies for maximizing the advantages of co-borrowing while minimizing…

Will Rates Go to 10%!? Dive into the latest episode of our podcast where we unravel the possibilities of the mortgage market. We'll discuss: The current economic indicators shaping interest rates. Insights into Federal Reserve policies and their impact on mortgage rates. Strategies for mortgage and real estate professionals to navigate changing rat…

Ever wonder how the recent Federal Reserve update impacts the mortgage and real estate landscape? This episode dives deep into the question: "No News Actually IS News." Join us as we uncover: Key takeaways from the latest Fed policy statement. Implications for mortgage rates and housing market trends. Strategies for adapting your business approach …

Are buyers ready to seize the opportunities of the spring housing market? In this episode, we’re discussing the BIG question: How are rising mortgage rates impacting the spring market? Key points: Understanding the dynamics of the current spring buying season amidst fluctuating mortgage rates. Exploring the implications of market volatility and its…

It may have been a bad week for rates… but inventory? Actually looking up! Here’s what we’re discussing Today in Mortgages: Understanding the driving factors behind the significant increase in inventory. Exploring the implications of this inventory surge on market trends and client strategies. Strategies to capitalize on the expanded inventory for …

What the read on builder sentiment amidst fluctuating mortgage rates? In this episode of Today in Mortgages, Michael and Rich dive into the topic, separating fact from hype in the real estate and mortgage industry. They explore several key points: The stability of home builder sentiment despite market fluctuations. The impact of interest rates on d…

Are you feeling the ups and downs of the current mortgage roller coaster? On today’s episode, we dissect the latest trends and hot topics in the real estate and mortgage world. In this episode, they dive into the burning question: What's driving the recent surge in mortgage rates? Here's what you can expect: Unraveling the impact of the latest infl…

Today, we’re peeling back the curtain to go inside the Network with this special clip from one of Rich Jefferson’s (Today in Mortgage Cohost and EVP of Network Funding) recent internal videos to our sales people. Rich posts news, updates, and training EVERY DAY to our people to help them grow, learn, and win. Read the original article here: [ _ ] _…

In today’s special episode, we bring on expert mortgage and real estate coach Michael Regan from Building Champions to give his take on the recent settlements by the National Association of Realtors. This content was originally recorded as part of Network Funding’s internal training and coaching, but we decided it was too valuable to keep to oursel…

Today in Mortgages, we’re discussing the current state of the economy and its impact on mortgage rates. Conflicting indicators of a strong economy and high inflation are making it difficult for the Federal Reserve to cut rates. We’re focusing on the importance of the buyer's budget and selling on value rather than rate. Takeaways The economy is sho…

In this conversation, Richard Jefferson and Michael discuss the current state of the economy and its impact on different income groups. They highlight the mixed news and varying economic sentiment among individuals. Factors affecting economic sentiment, such as delinquencies and financing choices, are explored. The concept of a two-speed economy is…

The conversation discusses the lock-in effect in the mortgage industry and its impact on home sales. It highlights the challenges faced by homeowners with low interest rates who are unable to move due to the higher costs associated with buying a new home. The conversation also emphasizes the decrease in home sales and inventory due to the lock-in e…

Are you curious how the Federal Reserve impacts the mortgage industry? Dive deep into the relationship between Fed policies and the real estate market in our latest episode. We'll explore several key points: - Understanding the role of the Federal Reserve in setting interest rates. - Analyzing the effects of Fed rate changes on mortgage rates. - Di…

Welcome to today's episode of Today in Mortgages, where we delve into the latest trends shaping the housing market. In this episode, we're excited to explore a promising development: the rise in builder sentiment and its accompanying data. Builder sentiment is a crucial barometer of the housing market's health, reflecting the industry's confidence …

Today's episode of Today in Mortgages delves into the surprising rise in mortgage demand, despite persistently high interest rates. We'll explore the factors driving this unexpected surge, the resilience of the housing market in the face of economic challenges, and the opportunities and considerations for both homebuyers and refinancers amidst this…

Ever wondered why buying a house seems increasingly challenging across generations? Join us on Today in Mortgages as we delve into the housing market's evolution. In this episode, we dissect the escalating gap between home prices and incomes, exploring key factors shaping this trend. - Unveiling the staggering statistics: From 1985 to today, discov…

In this episode, hosts Rich and Michael delve into the implications of the PCE report released today, addressing key points such as: • Year-over-year trends: Analyzing the 2.8% increase and its significance. • Spending habits: Exploring how personal spending has decreased and savings rates have risen. • Market reactions: Understanding the initial r…

Despite a tumultuous few weeks of economic news, Fannie Mae is projecting optimism for 2024 and 2025. What gives? In this episode of Today in Mortgages, Michael and Rich delve into the intricacies of the current economic climate and its implications for the mortgage and real estate industries. They explore various indicators and trends, providing v…

On Today in Mortgages we look at new data suggesting that the frozen housing market is beginning to thaw. Listen in as we break down today's news! _______ 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 equa…

Rich joins us LIVE in the studio today to discuss recent news that housing starts have declined in the past month. But should we be concerned?! We discuss on this episode of Today in Mortgages. ________ Interested in growing your business? See our plan for you at https://join.nflp.com/ _________ FREE MARKETING RESOURCE: https://todayinmortgages.com…

Your hosts Michael and Rich discuss the unique challenges young people face in today's marketplace on Today in Mortgages: Are we past the worst for mortgages, or are there still challenges ahead? Why do younger borrowers still struggle with affordability despite an increase in average income? How has the recent uptick in quarterly loan volume impac…

Welcome back dream-makers! On today's episode, we discuss: CPI data released with unexpected results: CPI at 3.1 instead of the expected 2.9. Market reaction: Initial optimism turned into a sell-off, pushing expectations of rate cuts further into the future. Impact on housing costs: Real data in housing and hotels driving inflation, creating a chal…

Welcome back dream-makers! This is "Today In Mortgage!" and we're breaking down the collapse of Evergrande in China and how that affects the US housing market. They lack demand on their new builds; the opposite of the US's problem of high demand and not enough housing. An article from Housing Wire discusses the ripple effect of this failed entity i…

Welcome back dream-makers! This is "Today In Mortgage!" and we're breaking down the Fed's latest meeting with help from today's article from CNBC: "Fed recap: Powell shoots down March rate cut." This is not what we all wanted to hear: the fed was reliably "noncommittal" about future rate cuts. They may be holding out on rate cuts because consumer p…

We're talking politics on "Today In Mortgage!" based on this article from The Hill titled: "Democratic senators call on the fed to cut interest rates over high housing costs." Our team breaks down this headline, and finds yes, the federal reserve is accountable to congress, but their main job is to keep employment high and prices stable. Those push…

Welcome back dream-makers! Today we look at an article from Fox Business titled "Mortgage demand rises even as mortgage rates increase." We are finding that demand is outweighing the mortgage rate environment. Consumers might not know the exact rates, but they know they are down from the highs of last fall. 2024 could be closer to a normal volume y…

The Mortgage Banker's Association just put out projections for 2024, and things are looking up for the industry this year. Listen in as we discuss rate, inventory, and loan volume projections for the year ahead. Grow Your Business: https://join.nflp.com/ ______ FREE MARKETING RESOURCE: https://todayinmortgages.com/marketing _________ Today in mortg…

Today on "Today In Mortgages" we discuss how politics will affect mortgage rates. Presidential nominees are making lots of promises when it comes to interest rates according to today's article from The New York Times, but the Federal Reserve is independent from the president. A president can affect future policy but they cannot control rates direct…

Today on "Today In Mortgages" we discuss where home prices are headed in 2024. We take a look at an article from Housing Wire: "Fewer homes will take a price cut in spring 2024." The article states high interest rates slowed housing demand, but with rates dropping that could all change. Our company is already seeing applications going crazy for pur…

Happy New Year! Today on "Today In Mortgages" we discuss an article from CNBC stating that mortgage demand is down 9.4% for the final week of 2023. But, we all know the end of the year is filled with holiday festivities, and most people typically don't spend the holidays filling out loan applications. We have a bright and optimistic outlook going i…

Today on "Today In Mortgages" we discuss a sound bite from NPR's Marketplace Podcast that discusses whether high home pricing is the cause of pessimism concerning the economy? As we've seen inflation come down, the Fed has raised rates to accomplish that. The one exception to that is housing. Anytime you bump interest rates, you're going to see inf…

Welcome back dream-makers! Today, on "Today in Mortgages," we talk about Housing Wire's article "Democrats to introduce bills to ban hedge funds from single-family housing market." Government is getting involved in who can and can't own real estate. Hedge firms own lots of property, which single-family homebuyers would love to own. Democrats want t…

Welcome back dream-makers! Today, on "Today in Mortgages," we talk about lowering interest rates, and if it's too soon to be celebrating? Today's article comes from Fox Business: "Mortgage demand jumps again as rates fall to the lowest level since August." We've seen a couple weeks of rate improvements, which is good for inflation... the Fed's plan…

Welcome back dream-makers! Today, on "Today in Mortgages," we talk about an online article from Mortgage Reports titled "What is the Biden Neighborhood Homes Investment Act?". The white house has put together a plan to bring more relief to homebuyers: remodeling homes and providing funds for down payment assistance. This is still just a proposal an…

Today, on "Today in Mortgages," we talk about Mortgage New Daily's article "Purchase Applications Increase as Rates Hit 10-Week Low." This has been a really tough year in the mortgage industry, but this is also a good opportunity to gain some ground with prospecting. This is traditionally a slower time of year for our industry, but loan application…

Today, on "Today in Mortgages," we talk about falling home prices, and its affect on buyers according to Newsweek's article "Home prices are falling. Are buyers biting?" While this article has good points, we discuss that home prices are only dropping in certain areas; not everywhere. Demand is still too high to have pricing fall. It's important to…

Today, on "Today in Mortgages," we look forward to what 2024 will look like in the mortgage industry. Today's article predicts home sales will rise next year and interest rates will lower. We weigh in on if we think these projections are realistic. As mortgage professionals, we need to make sure we are informed about the housing market, so we can c…

Today, on "Today in Mortgages," we discuss a proposed change to credit reports by the FHFA. The FHFA wants to go from three credit scores that are typically pulled to two credit scores. We think more homebuyers could be left out, because not all creditors report to all three credit bureau. This could lead to lower credit score, higher rates and hig…

Today, on "Today in Mortgages," we discuss renting to own your home and whether it's a good idea. This rising trend is used as a stepping stone to home ownership. The nice thing about renting to own, is you negotiate the purchase price today. In markets where prices are ever increasing, you can lock the price in today. A portion of your payment goe…

Welcome back, Dreammakers! Today, on "Today in Mortgages," we're talking about whether your primary residence is a good investment. An article from Yahoo Finance states that you shouldn't buy a home solely as an investment. Rich and I discuss this statement giving our opinions on the matter. We believe buying a home for most middle income families …

Happy Halloween! Today, on "Today in Mortgages," we're just having fun talking about all things sPoOkY. We discuss a fun survey from Zillow that says up to 70% of Americans would buy a haunted house if it was at a reduced price. Would you do it? What would it take? We know the housing market feels haunted, but it's not that scary! As always, we as …

Today, on "Today in Mortgages," we're continuing our conversation about what buyers are doing wrong when home shopping. We look at the second half of Tuesday's article today from Realtor.com "10 Things Most Homebuyers Get Wrong About Getting a Mortgage Today." 6) Failing to check your credit score 7) Picking the wrong type of loan 8) Understanding …

Welcome back, Dreammakers! Today, on "Today in Mortgages," we're talking about what buyers are doing wrong when home shopping. The old adage: consumers are always right is still correct, but the problem is, they don't aways know the answers. Our job as loan officers is to manage the borrowers fears and questions, while kindly advising them. We look…

Welcome back, Dreammakers! Today, on "Today in Mortgages," we're diving into the world of mortgage and real estate news to find out what's real, what's just hype, and what you should really be paying attention to. I'm feeling a little upside down in this world, but Rich is here to steer the ship, thank goodness. We've got a hot topic today - home f…

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. _______ Grow Your B…

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 educa…

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% c…

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 mor…

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 …

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 …