Mortgage rates dropped after mid-June. Momentarily switching gears, given their role in cakes, breakfasts, custards, and breads, if eggs didn’t exist, would a food scientist have to had invented them? I mention this because the benchmark price of eggs in the U.S. was down to $2.16 a dozen two weeks ago, down 37 percent from the record high $3.38 a dozen in mid-July. These lower prices should be reflected at grocery stores with prices dropping by a dollar a dozen or so. The cause for the spike in the price of eggs was an avian flu that ravaged the U.S. population, killing 30 million commercial and wild birds, and the successful recent moves to repopulate the hens. The downward trend in prices is expected to continue. Homeowners and real estate agents don’t mind a return to “normal” inventory in markets and historical price appreciation rates. But this sensationalist headline will grab some readers: “Home prices plunging in ‘pandemic boomtowns&#x
How much would you pay for a company responsible for a funny video? How ‘bout $1.7 billion bones? Amazon, catching the eye of the FTC, has made an offer to acquire Roomba maker iRobot for $1.7bn. (Speaking of household goods, I occasionally am asked by LOs or employers about closing or referral gifts that are memorable or unique, unlike a bottle of wine or a doormat. I’ll often suggest Cutco knives (no, this is not a paid ad), as there is free engraving with the LO’s name & phone number, and point them to Luke Sasek for advice or to place an order.) I guess things are good in certain sectors of the economy, unlike residential lending. Plenty of jobs are being lost in residential lending, layoffs continue to occur weekly in big and small lenders and investors as companies grapple with volumes down 50 percent from much of 2020 and 2021. Rumors of impending closure of divisions by major lenders and investors (including wholesalers) continue to swirl, altho
/PRNewswire/ Ribbon, the homeownership company, today announces its expansion to Colorado, with Synergy One Lending as its launch partner. Homebuyers in.
/PRNewswire/ Synergy One Lending is proud to announce our very own Bridge Loan Product! This exciting addition to an already extensive suite is another way.