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. This week in the market… 💤💤

2. Home Sales Fall in April 🏘️

By the way, this article on CPI Data is the most clicked link in this newsletter, you should check it out if you are interested.

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[Read Time: 1-2 min]

Rates Today 📉

🪩 Rates have stayed completely flat over the last week. There was a brief dip in rates after the CPI data on Wednesday - that was shortly erased with negative pressure on the bond market Thursday and Friday.

This week in the market… 💤💤

This week should have minimal movement after a volatile end to last week with key economic data like CPI and Jobless claims.

Outside of a few speechs from Fed governers, there is really no economic data that would move the market.

Clients who may be looking at putting offers in can enjoy the consistency of rates during the negotiation period.

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The next big news that can move the market will come 5/31 with PCE. The hope is that positive data continues and gives the Fed more confidence in a possible rate cut in September…

Home Sales Fall in April 🏘️

An interesting note from this clip - the most active sector of the housing market are homes priced above $1M.

Here’s more in-depth numbers on the home sales data from CalculatedRisk:

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

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— Michael F DiLucchio