Record Contract Cancellations

Nearly 1 in 7 home sales fell apart last month — here's why.In this episode, Michael and Rich break down fresh data from Redfin showing a record-high 14% of home purchase agreements falling through in February. They dig into what's driving buyer jitters, how volatile rates are shaking up contracts, why concessions are exploding, and what loan pros absolutely must do right now to keep clients confident.🔥 What we cover:Why February saw a spike in canceled home sale contractsHow rate volatility is freaking out buyersWhether the trend started earlier or is brand newWhat “lagging indicators” mean for March & April closingsJob market fears + AI headlines = more nervous first‑time buyersWhat loan pros should do to stabilize client confidenceWhy staying in constant contact is mission‑criticalOpportunities hiding inside today's chaosLEGAL DISCLOSURE:Today in Mortgages is produced by Network Funding, LP, Equal Housing Lender, NMLS# 2297. This content is commentary on mortgage and real estate news and should not be taken as individual mortgage advice or pricing. All applicants must qualify. Consult a professional regarding your personal loan scenario.Licensing: Licenses - Network Funding#TodayInMortgages #MortgageNews #HousingMarket #LoanOfficers #RealEstateInsightsSee 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.