Morning! This is MF Lending - the fool-proof way to serve up mortgage and real estate market knowledge without any of the guesswork. So you’ll look like the smartest agent in the room (and you are!)

Here’s what we’ve got for you today:

1. All Eyez on Me: Movers This Week 🗞️

2. CoStar CEO Discusses Realtor Commissions & Impact after Lawsuit ⚖️

3. The Best Tools Our Realtor Partners Use 🔨

By the way, this article on Goldman’s ‘24 Predictions is the most clicked link in this newsletter, you should check it out if you are interested.

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Rates Today 📈

All Eyez on Me 🗞️

All eyes are bond market tomorrow for one thing - CPI.

Consumer Price Index (CPI) measures the average change in prices paid by consumers for a fixed basket of goods. It is by far the Fed’s favorite measure of inflation.

Since May, CPI has flattened with little to no month-to-month changes, resulting in inflation staying “persistently high” or “sticky”.

The previous year-over-year reading was 4.1% - forecasts are saying that CPI will not change.

• If CPI comes in higher than forecasts tomorrow, you can expect a run on 10-year Treasury bills - resulting in interest rates rising significantly.

• If CPI comes in below 4% y-o-y, you will see interest rates fall substantially.

The second-degree impact of a higher CPI print would be the Fed interest rate policy. If CPI shows that inflation is still not coming down, it may force the Fed to raise interest rates in their December meeting.

Currently, there is only a 15% chance a hike will happen before the end of the year…but watch for those expectations to change if we do not get good news tomorrow.

So…get your popcorn ready 🍿, tune into MF Lending’s Instagram (@mf.lending) for my daily update so you know exactly what happens tomorrow morning.

CoStar CEO Discusses Realtor Commissions & Impact after Lawsuit ⚖️

CoStar CEO Andy Florance covers:

• State of real estate market

• Impact on Broker Fees ruling verdict

• What it means for agents in the future

Let me know in the comments what you think about this and if you have seen any changes in your brokerages yet.

The Best Tools Our Realtor Partners Use 🔨

MF Lending’s tagline has always been - be the smartest agent in the room. Our goal is to give you tools, news, data, etc. to wow your clients and deliver them the best possible experience.

Over the last few weeks we have gotten some amazing feedback from two tools we developed:

1. Temp Buydown Calculator

2. Max Concessions Calculator

#1 Temporary Buydown Calculator

Have you ever asked your LO - “what do I need to ask for in concessions to do a 2-1 buydown?”

We have the answer for you.

The buydown calculator allows you to plug in the purchase price, down payment, and interest rate. From there, the tool will calculate what you need to ask for to cover a 2-1 or 3-2-1 buydown.

It will also tell you the principal and interest payments and monthly savings your buyer will see in the first few years of their loan.

Now you don’t have to wait to get a response from your LO (or you should work with us because we always respond) - you can have the answer for your client throughout the negotiations.

#2 Max Concessions Calculator

With sellers being both generous and motivated, it is key to maximize your seller concessions.

Fannie/Freddie, FHA, and VA loans all have different max concessions you can receive from a seller.

Additionally, the conventional caps are based on your buyers down payment.

We built this tool so that agents can plug in: loan type, purchase price, and down payment and get an answer on the maximum concessions you can ask a seller for.

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If you want a copy of both of these tools: Comment “Calculator 😎" below and I will send a copy to your email! Or, you can follow me on Instagram @mf.lending and send me a DM

The Cul-de-Sac

Thanks for reading - that is all we have for today 😎

Please forward this to your friends and colleagues if you found it valuable.

— Michael F DiLucchio