Feds, Fries, & Freddie Mac.

Consumer prices are up 3.5% compared to March last year — and it's only getting worse.

The Feds took notice of the higher readings but did not sound panic alarms.

Consumer survey showing expectations for a rent increase over the next year to 8.7% — that’s 2.6 percentage points higher than the February survey. Food, gas, medical care and education are also expected to go up.

Mortgage went from 7.58% to 7.42%.

Do you think rates will continue to go down?

Freddie Mac’s Industry Letter

At first, I thought this was big news but this says that if the seller pays commissions, it's not counted as a seller concession.

That's been the rule all along. This doesn't indicate that anything has changed.

It makes sense that lending would alter their requirement should things actually change. But until it does, they’re saying we not changing what isn’t recognized yet as an industry change.

Time will tell.

Best,

Alexa

P.S. Compensation rules are shifting in mid-July. It's crucial to understand how these changes will impact your business and client interactions.

If you still feel kinda lost with what to do about the NAR settlement and having a hard time planning how to change your approach, schedule a call with our partner here.