Ep. 159 - Buyer Broker Commissions & Mortgage Rates | April Lending Update Pt. 2

In part two of the April lending update, Quinton and Daniel discuss the latest developments in the real estate and mortgage industry. They explore the clarity provided by Fannie and Freddie regarding buyer broker commissions and seller concessions, and unpack the ongoing rate debate. They analyze economic data, job reports, and the Federal Reserve's stance on inflation, providing valuable insights for investors and industry professionals alike. If you’re in the real estate industry or looking to buy or sell your next home, you won’t want to miss this episode.

[00:00 - 03:38] - Introduction

[03:39 - 07:12] - Inflation, Rates & Economic Data  

[07:13 - 09:23] - Fed's Stance on Inflation

[09:24 - 13:19] - CPI vs PCE Debate

[13:20 - 16:14] - Jobs Report & Labor Market

[16:15 - 18:28] - Full-Time vs Part-Time Jobs

[18:29 - 20:26] - Unemployment Claims 

[20:27 - 21:56] - Delays in Unemployment Numbers

[21:57 - 24:44] - Bond Market & Mortgage Rates

[24:45 - 26:01] - 10-Year Treasury Yield & Investors

[26:02 - 26:54] - Closing segment

Resources:

April Lending Update: https://bit.ly/wy1mlendingupdate

Mortgage Cheat Sheet: https://bit.ly/WY1Mcheatsheet

Key Quote:

“It doesn't take a fed cut for mortgage rates to come down.” - Quinton Harris

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