Mortgage Apps Jump This Week!

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard discuss application numbers are picking up!The good news we are talking about today comes from NationalMortgageProfessional.com: "Mortgage applications rise as rates fall for third straight week." Borrowers applying for loans have ticked up over the last three weeks. Overall applications are up 3.1%, and the biggest takeaway is 42% of that increase were refinance applications. The majority of those refinances are cash-out loans. Borrowers are leveraging the equity they've built to pay down consumer debt which has risen the last few years.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.comWant 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.