CNN CNN Newsroom With Ana Cabrera June 4, 2024 18:03:00
Another pain point and that is prices at the pump. gallon of gas is selling nationally for $3.71, down 16 cents from a month ago. that is good news. the fed is fighting inflation by bumping up the costs to borrow. that has sent credit card rates to record highs, mortgage rates have skyrocketed. we did see a bit of good news on that front, the average 30-year fixed rate going from 7.1% to 6.6%, that is the largest weekly drop since 1981, but, ana, 6% or 7% mortgage rates they're still pretty high and this volatility is making it hard for home buyers and sellers to know what to do next. >> i lik...