today on gas prices compared to a week ago, a month ago. we continue to get declines. 30-plus days of consecutive declines in gas prices. that is good if you have a car. now, according to gas buddy, there s five individual states in the u.s. have that at least one station offering gasoline for less than $2 a gallon. less than $2 a gallon. if you think that is good now, it s going to get better. gas buddy says don t fill up yet. we re likely to see this is a tweet hundreds of stations at or understood $2 by thanksgiving. that would be nice. everybody going to drive to thanksgiving, may get a break. there you go. trace: it would be nice unless you re in california. here it s $3.98. the lowest is about $3.50 in the
out from the back seat and attacked the officer. everyone s okay, but that little guy is still going bananas over that speeding ticket. get it? ha ha. now for your first look at business, we turn to cnbc s kayla tausche. kayla, good morning. good morning, mara. futures are higher after a big sell-off on wall street. stocks suffered their worst day of the year with the dow dropping more than 350 points. investors are still worried about the prospect of higher interest rates as the fed hinted it could start scaling back stimulus efforts as the economy keeps improving. when the fed does go ahead with that, it could mean it will cost you more to take out a mortgage and other loons. the average rate on a 30-year fixed mortgage hit 3.98% this week. rates on other loons like autos, student and credit cards likely won t rise much in the future. and the faa is expected to soon relax the ban on the use of certain electronic devices on planes, giving passengers a little bit of leeway during
but they would give a road map for how it would be tamped down. that s exactly what happened. the nagging worries you still see in global markets. record unemployment in europe. china s factory output is the slowest in nine months. last year china s growth was the slowest in 13 years, and there s this worry that if you have no fed in the u.s., you have no growth. look how much money the fed has been pumping into the system. you have the fed s balance sheet that has exploded and you still only have 2% growth in the u.s. if you ve got china slowing and the fed pulling back at the same time, what is that going to mean for markets, for investors, for interest rates, for stocks? that s what you re seeing the unease about today. wrap it up for me today, if you would. not to suggest you ll give me a number, but where do you see this day ending? i see the day ending down, but our mortgage rates are probably going to start to rise. they re at 3.98% on a 30-year
i will here like this, use my phone. one thing we have to know about our money today. mortgage rates close to 4%. freddie mac says the 30-year fixed rate 3.98%, the highest in more than a year. rates have been rising the past few weeks because there s talks the federal reserve may cut a stimulus program which injects money into the mortgage market. three little words, lock it in. that s still low. i remember when i bought a house in the end of 2006, 2007 in level and it was five point something and now it s three or four, still low. coming up looking for a cause a louisiana chemical plant explodes leaving one dead and dozens injured, we ll have the latest on the investigation. the singer who sparked controversy online, wait until you hear why many are crying foul.
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