Feb. Home Sales Up… Can It Last?
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Feb. Home Sales Up… Can It Last?
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Pending home sales tick up — but will March’s economic and global volatility kill the momentum?
In today’s episode of Today in Mortgages, Michael and Rich break down February’s surprisingly positive pending home sales numbers, why March could reverse the trend, and what loan officers should be paying close attention to as buying season kicks off.
We cover:
February’s 1.8% national increase in pending home sales and where the bright spots are
How global conflict and hot inflation data (PPI) are driving rates back up
Why refinance applications surged — and then dropped off a cliff
What’s happening with purchase demand heading into spring
How rate volatility is shaping the “new normal”
Why pent‑up buyer demand still gives long‑term hope
Legal Disclosure:
Today in Mortgages is produced by Network Funding, LP, an Equal Housing Lender, NMLS# 2297. The content of this program is commentary on mortgage and real estate news. Any discussion of rates or products is not individual mortgage advice or a loan offer. All applicants must qualify. Consult a professional for personalized guidance.
State licensing: https://nflp.com/licenses
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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.