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Delinquencies On The Rise?!
Manage episode 430431139 series 3460347
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Welcome back dream makers, today we are discussing if delinquencies are becoming a problem and what that means for housing. We are giving today's article "Mortgage delinquencies hit a six month high in June, but it's not as bad as it looks" mixed reviews. It has some truths but also takes a negative perspective that could be misleading. It is true that delinquencies are up, which is likely from unemployment slightly rising, and the fact that real estate taxes and homeowners insurance are up. But nationally the delinquency rate is less than 3% which is really good.
Tune in to this episode to gain a deeper understanding of the current market dynamics and discover how you can better support your clients in achieving their homeownership dreams. Whether you're a seasoned professional or new to the industry, this discussion offers valuable insights to help you navigate today's real estate landscape.
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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.
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