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Newsletter #022-2024
Issue #22 Published June 7, 2024
Mason’s Dumplings
“Our story begins in San Gabriel, California, where Alan Lam and Grace Li founded Luscious Dumpling in 2001. Grace, born and raised in Shenyang, a northern province renowned for its dumplings, brought her culinary heritage to the venture. The name "Luscious" is derived from the Chinese name 潤豐元 (Run Feng Yuan), meaning Moist Abundant Garden. To avoid the odd connotation of "moist" in English, they chose "luscious" instead.
Their daughter, Michelle Wu, and her husband, Ker Zhu, opened the Monrovia outpost in 2012. Leaving their careers in nursing and fashion, they joined the family business to carry on traditional recipes. Every morning, Ker and his team source fresh produce and premium meat, ensuring top-quality dumplings.
In 2018, the couple expanded to Highland Park, naming the new eatery Mason’s Dumpling Shop after their son. Ker is now preparing for a bigger leap, with plans to open a new location at 9655 E Montview, Aurora, CO, continuing their tradition of handmade dumplings for the Denver metro area.”
Mortgage Rates Another Step Closer to 3-Month Lows
“For most lenders, today's rates are near the lowest levels seen in the past three months. While rates were slightly lower in mid-May, you'd have to go back to early April to find anything significantly lower.
Whether this three-month low persists depends on upcoming economic data. Reports on the labor market, the economy, and inflation will influence expectations for Federal Reserve rate policy and, consequently, interest rates. This week is crucial, with several important reports scheduled, including Friday's jobs report, one of the most significant monthly rate movers.
Today's data revealed job openings for April were lower than expected. While not as current as the forthcoming May report, it's still a key indicator. Lower job openings generally suggest lower rates, assuming other factors remain unchanged.
This mix of economic data will be instrumental in determining the near-term direction of interest rates. Stay tuned for further developments.”
311 N Avenue 59
Los Angeles, CA 90042
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Property Features:
- 4 Units
- 4 Bedrooms & 4 Baths
- 3,380 Square Ft
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