air travel record. and hits record of 2.88 since sunday 2019. i asked the tsa administrator if it s a possibility. this holiday travel is the biggest holiday travel since prepandemic. prepandemic, on the sunday following thanksgiving, almost 3 million passengers, we ll be pretty close to that this sunday. reporter: these numbers are so important because of all of the uncertainty that airlines and passengers face over the summertime. when airlines cancelled a total of 50,000 flights compounded by staff shortages and bad weather, this time around, weather has been pretty good. airlines have been on a hiring blitz. in fact, on tuesday, united airlines said it cancel nod flights networkwide. boris, sara. and now to the devastating gun violence that this country has been dealing with, president biden is calling for a ban on assault weapons, the president making the remarks after the recent string of deadly shootings around our country.
now $3.69 a gallon. the result of those rate increases, a jump in mortgage rates for the fifth week in a row. freddie mac says the 30 year fixed rate mortgage hit 6.3%. that s the highest since october 2008. up 6.2 last week and way above last year when it was 2.88%. the hike comes in the wake of another 75 basis point increase and mortgage rates have almost doubled since the year started. christmas. 92 days until christmas but it s coming early at walmart. the retail giant said it s starting the holiday shopping season at its stores and online as early as next month. it will start offering deeper deals and exclusive supplies of what it expects will be holiday hot sellers. cnn consumer reporter nathaniel myerson now. they re hiring, what, 40,000 workers? target starting to hire for the holidays. what s happening? walmart is hiring 40,000
the 30-year mortgage rates date back. what does this man for people who maybe waited a couple years to buy a home? it means that home prices and mortgage rates continue to go up so buying a home becomes less ands will afford many. the average mortgage was closer to 2.88 and mortgage rates are closer to 6.29, the highest since october of 2008 meaning that someone buying a so how did we get here and what happens now? well, at the start of the pandemic, the federal reserve lowered its benchmark interest rate to practically zero and kept them there for years to stimulate the economy and encourage spending. and, boy, did we spend.
MANILA- Magnolia escaped a late scare from TNT and walked away victorious, 92-88, in Game 2 of their PBA Philippine Cup semifinal tie at the Smart Araneta Coliseum in Quezon City on Friday night. Just when the Hotshots thought their much-improved defense on the Tropang Giga compared to Game 1 was enough to force a 1-all deadlock in their best-of-seven series, the latter came alive in the fourth quarter and even came just close to at least forcing overtime. Magnolia's defense held its ground on TNT in the first half, holding them to just 12 points in the first quarter and 29 in total. "It's all about team effort and defense," Coach Chito Victolero said. "Ang sabi ko lang naman sa kanila (I just told them), 'We need to go back to our defensive mindset.' Kaya kami nandito because of that." As the offense began to pick up in the second half, the Hotshots remained solid and even waxed hot to open the fourth quarter as eight straight points stretched their
reporter: experts expect the fed to raise interest rates again, possibly another 3/4% percent and more rate hikes are expected later this year. that means it will be more expensive to borrow money. morgan rates are about 5.5%. this time last year, 2.88%. two things are going to happen. you have to pay more for the house because the loan will cost more, or you have to downsize the kind of house you want because it is going to cost you more on a monthly basis to get that mortgage for that house. reporter: a few months ago, home prices across the u.s. were high. with interest rates going up, sellers could soon have to lower asking price is because most buyers won t be able to afford a higher home price and higher interest rate. if you re looking at selling in the next couple of years,