Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard discuss the rise in existing home sales in May, but new homes were a different story...

Today's article from the United States Census "Monthly New Residential Sales, May 2025" states new home sales fell 13.7% from April. Rich doesn't find this surprising; we are right at the end of a quarter so we expect June to be better. This compares with new home starts which are down about 10%. We predict prices will rise next quarter with the extra tariffs hitting lumbar.

Overall, inventory is not the issue, there's more new and existing homes for sale. We just need more affordable interest rates for all those first-time homebuyers to be enticed to buy.

Listen in as we discuss this and more!

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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.

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard discuss the tiny increase we've seen in home sales.

Today's article from Yahoo Finance is titled "US existing home sales rise in May; mortgage rates still a constraint." Overall, more homes are being listed for sale and the sales prices are appreciating!

There are a lot of signs in the market that point to a strong economy: wage growth, low unemployment, low inflation and now increase in home sales. We are moving to a more normal buyer/seller dynamic that will help move some of the inventory built up in the market. But, buyer's still have a bit of an edge right now, so let's help our borrowers use that to their advantage.

Listen in as we discuss this and more!

______

Grow Your Business: https://join.nflp.com/
______

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.

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about why the Fed is moving slow to drop interest rates.

Trump is putting pressure on the Fed Chairman Powell to lower interest rates. However, we've seen strong labor data, inflation is low and things are good so we did not see rates get lowered yesterday. There is still a lot of uncertainty around Trumps policy, and his new spending bill. The market is waiting to see how we will digest all of that, leaving Trump frustrated.

Hopefully, by the end of summer we get our first rate drop. Listen in as we discuss this and more!

______

Grow Your Business: https://join.nflp.com/
______

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.