The housing market is as hot as ever. The mortgage market, though, is losing steam. Homes are selling at a blistering pace unseen since before the financial crisis, pushing up home values in nearly every U.S. ZIP Code. Yet lenders are preparing for mortgage demand to cool in the coming months, the result of rising interest rates that make refinancing less attractive for a huge chunk of borrowers. The anticipated decline in mortgage volume is setting off price wars across the industry. That is driving down profit margins and spooking the shareholders of mortgage firms that went public closer to the height of the lending boom.
Dairy cooperative Arla has developed Climate Checks, a programme that leverages the power of big data to support a transition to low-carbon production. Climate Checks offer ‘a proof point that there can be a sustainable future for dairy’, Chairman Jan Toft Nørgaard tells FoodNavigator.
Sen. Kennedy calls the administration's infrastructure plan is not fooling Americans. The $2.2 trillion and President Joe Biden trying to push the cost as essential will face an uphill battle.