even when the first thing is read, he is guilty or not, you cannot report any of them until the court has adjourned and if they do they will sanction us. someone will break it. but it won t be us. we will report it when we are allowed to report it. not allowed to use any communication device in the courtroom. make the wave of the future. gentleman, we will be back. when the verdict has the verdict and we know it we will bring it to you. now could be the perfect time to refinance a home because mortgage rates have hit a new historic low. freddie mac is reporting average, look at this, the average fix rate on a 30 year loan is 3.66 percent. this was in the teens when i was in high school. 3.66 percent. a new record by a long shot, since they began being tracked back in the 1950s. very good news for folk whose can afford to buy a home or afford to refinance or make the
shepard: good news for those looking to buy a home, bad news for those looking to sell. take a look at the good. freddie mac the rate for an average 30 year fixed mortgage this week dropped to new low of 3.66%. freddie mac has been keeping track since the 1950s. never seen this. if you can scrape together enough money for a down payment, now would be probably be a very good time to buy there is a flip side though. home sales reportedly dropped 1.5% during the month of may so reports the national association of realtors. sales are still up compared with last year. analysts say this latest report is another sign that our economy is still having a great deal of trouble picking up steam. gerri, how did the markets react to that? they have not been happy today. the dow itself down 250 points. a massive sell-off. the second biggest sell off of the year. and when you talk about home sales, the running rate is 4.4 million. it should be 6 million. that would be a normal market. can you see
that s not why you went to the university of tennessee. so, what, what is your anxiety as you start this stage of your life with a debt hanging over you and right now not a way to pay it off. well, the thing is when you graduate from high school, tell you as long as you work hard and put in the hours you re going to graduate with a job. and you know, i went to the university of tennessee and i graduated magna cum laude with 3.66 and i was on the dean s student advisory council, i graduated with two degrees, a minor in spanish, i m by lingual and concentration in international business, i thought i d done things about as well as i could. mike: would say so. i never expected to be in the place i am right now. mike: neither did your parents, by the way. exactly, yeah. but let s talk about, first of all, i hope somebody is watching the show and saying i ve got to hire that kid, s got the stuff, an incredible background.
day workers come out of our pockets and it makes our regular every day expenses higher. i would like to see $3.50, that would be quite nice. many parts of the country are still paying over $4 a gallon at pump including right here in new york city, although this weekend, aaa says the national average will be about $3.66 a gallon. and important to point out as we enter into the summer driving season, we do not see gasoline demand peak until july 4th so it is sort of a wait-and-see approach but memorial day sets the tone and right now it is looking okay. thank you, sandra on gas prices. and all of this is the keystone xl pipeline remains a pipe dream. the project which supporters say would deliver millions of barrels of oil from the country and canada and creating
this the moral day weekend? it could. right now the average price is $3.66. down 26 cents from april. the psychology of being south of $4 is really helpful. particularly on a big driving weekend. and it seems that we have less sticker shock as long as we don t see a four in the first-digit column. people are getting creative using grocery store promotions and using cash back reward credit cards. they have a gas strategy. having said that, aaa is reporting what we are doing. we are taking shorter trips, so the average trip this weekend is about 50 miles compared to previous years when it was 150 miles. i guess it is all, of course, relative. but i m always just amazed when we celebrate $3.60 because we remember the days where, you know, it was a lot, lot lower than that. but that s the most striking part, the fact that we are now used to it. exactly. let s talk about home sales. i understand this past week