Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about the current housing correction that’s happening. Today’s article is from National Mortgage Professional: “Housing correction gathers momentum as supply surges, affordability pressures persist.” The article cites a few corrections:
– Delinquency rates are stable but have ticked up a tad bit
– Student loan payments have resumed and are really hurting some people after 5 years on a pause
– Average debt-to-income ratio remains at a record high
– Inventory, pricing & demand all play off of each other. Compare Jun 2019 homes for sales verses June 2025, in Texas alone there are 33% more homes for sale than in June 2019.
– Demand, there’s a lot of applications coming in but not a lot of inventory that meets their needs.
Ultimately, we think we are going in the right direction, with rates trending downward. Listen in as we discuss this and more!
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.
About Today in Mortgages
Today in Mortgages, the show where we try to make sense out of the click-bait headlines in Mortgage and Real Estate news that clients and buyers are being flooded with every day. We’re trying to find our what’s real and what’s hype in the market news and discuss how mortgage and real estate professionals should be navigating these tricky conversations with clients who are getting scared away from the housing market.
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