few travellers about, you can see| few travellers about, you can see them behind me with their suitcases, but i wouldn t say it is swarming with people, perhaps people have taken on that advice that has been doing the rounds to travel as early as possible, if indeed you need to travel at all on a day like christmas eve, when there are rail strikes as well. and we are expecting services to wrap up earlier than usual today, the last train from here i am told, the last passenger train, train from here i am told, the last passengertrain, is train from here i am told, the last passenger train, is to reading at 3.56 and a lot of people use this station to get towards the west of the uk, we met people on their way to devon, to swansea, to the cotswolds, some tourists told me that they did not realise there was industrial action happening so they felt quite lucky that they happened to arrive on time for their train, because they said very easily, it could have gone the other way. and more peop
ukraine, as far as investigations go those are coming come january. they ll be looking into hunter biden s bigness dealings. we are from the going get some answers and possibly some accountability not decide what hunter biden did in terms of family influence peddling, but is it joe biden the big guy who offered a 10% off of that question therefore if that is true is a sitting president of the united states compromised by countries like china? works as a good question for noah to bring it back to pricing though. gas price is $3.56 per diesel $5.23. people paid 20% more for the thanksgiving dinner which shirley has an impact. when you see the study that credit card balances a jump of 15% for the highest we have seen in 20 years. we have evidence people are putting more and more in plastic going into debt right now, lisa. you sit back and see the president did not know the price of ground beef was. he does not understand people are going through especially not in nantucket where. is tou
they are considering all options including layoffs and production curbs, but called the leaked information incomplete and out of context. to the housing market now, mortgage rates rising for a third straight week at an average of 3.56%. those 30-year fixed rates are at a high not seen since the start of the pandemic. this of course after many years of very low mortgage rates. cnn s vanessa yurkevich spoke with prospective home buyers feeling some pressure to pay more in an already competitive market. hey, man. welcome. reporter: stu is on the hunt again. here we have two bedroom, 2 1/2 bath. reporter: he s looking for a home in los angeles for himself and his 8-year-old daughter after he fell out of escrow on another property last month. how many square feet is it? reporter: besides worrying about square footage, there s low inventory, sky-high prices and bidding wars and now rising mortgage rates. they re almost a point higher
this week, 30-year fixed rate loans up 3.56%. up from 3.45 last week. it s coming as investors prep for the federal reserve to raise interest rates multiple times. with us, a chief economist from the national association of realtors. lawrence, we re so happy to have you. so, what is the trajectory, do you believe, of mortgage rates in 2022? well, morning. well, it s been a spectacular year for housing in terms of both sales and price appreciation. record high. but this coming year, i think people should anticipate more calming of the market. movement towards normalization where we have more inventory show up, consumers are going to have more choices. at the same time, rising rates generally negative for housing. some first-time buyers will be
than they were when i made that offer. that s significant jump. reporter: this week a 30-year fixed rate loan is 3.56%, back up to prepandemic levels. on the median home price of $350,000, americans can expect to spend $120 more on average excluding taxes and insurance than they did a year ago. i think that affects the homes you look at, the neighborhoods i look at, that affects the kind of things i m willing to go and have conviction about that maybe i didn t a month ago or a week ago. reporter: mortgage rates are going up in anticipation of higher interest rates, which the federal reserve said would happen this year. in just the last month, a 30-year mortgage rose by a half a point. every half point the mortgage rates rise i think that definitely has an impact on what buyers are willing to go, how far they re willing to stretch