Foreclosures are making headlines again—but what’s real and what’s hype? In this episode of Today in Mortgages, we break down the latest MarketWatch report claiming foreclosures are up 20%, and put it all into context.
Here’s what you’ll learn: – Why foreclosure numbers are rising (and what’s really driving it) – How today compares to pre-COVID levels – The hidden costs of homeownership you might not be thinking about – Practical tips to fight rising costs: insurance shopping, tax protests, and more – What affordability looks like for the future—and how builders and policy play a role
Plus, we’ve got a special invite for loan officers: take our industry survey at https://todayinmortgages.com and get a free benchmark report to see how you stack up in comp, tech, and support.
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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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Interest rates are of course making home less affordable nowadays, but that’s not the only increase. Home insurance has increased in some areas as much as 50% in recent years. What can we do about this?
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