investment investments that lost value. how are we going to feel this? this is really the most important consumer story out there, frankly. let s start with mortgage rates. if if you are buying a new home, you have seen this. mortgage rates a year ago when the fed started raising interest rates, 4%. now they re 6.43%. in real world terms, that means the house payment last year that was $2600 a month is now $3100 a month. that is $563 difference in the house payment on the same mortgage. that is more money. for auto loans, same deal. last year, 4.5% was the typical loan. today, just about 7%. that is about $63 more for the typical auto payment. every single month. that is real money. and credit cards, this is where it is the most dangerous. i ve been sort of sounding this alarm. credit card debt is so much more expensive today than it was a year ago. of rates on credit cards last year were 14%. now they re record highs above
news four home buyers. mortgage rates taking up the second week in a row. the 30 year fixed average, 6.43% this week. harry it would explain what that means. mortgage rates are expected to decline slightly later this year as inflation continues to ease. but as harry tells us, that s not fast enough for people struggling to buy a home now. so, harry, explain this, because mortgage rates already always fluctuate. yeah. why is the american dream now out of reach? there goes my microphone harry, are you kidding? i think i got it here. that will teach us and we will get an idea of the average monthly mortgage payment on the 30 year fixed
loss since late march. gdp in the yoeurozone grew justt 1%. and in the u.s. 1.1% growth. right now index futures are learn lower. yesterday dow and s&p had their best day since january. stocks propelled by news that met ta posted better shares. and 30 year fixed averaging 6.43% and gas prices fell a penny overnight to 3.63 a gallon. feds preserved inflation gauge to pc indicator due out at 8:30 this morning. that will likely be the big driver. big week for tech. first quarter earnings coming in basically higher than expected for amazon, meta and microsoft. here to break down is dan ives
is going is going to add to demand so the car is going to is going to add to demand so the car is going to go left and right at the same is going to go left and right at the same time is going to go left and right at the same time and it s not going to work very welt same time and it s not going to work very welt |n same time and it s not going to work ve well. «a same time and it s not going to work ve well. ., ., very well. in the weeks following the announcement, very well. in the weeks following the announcement, the - very well. in the weeks following i the announcement, the uncertainty on the announcement, the uncertainty on the markets, its pushed up the cost of borrowing. a typical fixed two year mortgage for borrowers has now reached an interest rate of 6.43%. that s compared to 4.74% before the mini budget but at the start of december last year it was 2.34%. yesterday, we saw another intervention from the bank of england trying to calm things down in the economy
average $6.43, today s average 1 cent shy of the record, checking in at $6.42, $2.59 higher than the national average. i just buy enough to go to work and home and so i don t really want to plan anything because price of gas is so high. how fast can i switch to an electric car, that is what i think about sglchl california refineries are offline due to maintenance, causing inventory to drop to lowest point in a decade. california governor gavin newsom is trying to get prices down to lower prices by $.45. some experts say this could be the peak, saying the worst may not be over. ericaing gasoline products, heading to the west coast in the coming weeks and the blend