rates by .25%. you can expect three rate hikes next year. one more than wall street expected. despite the 3.2% growth in the third quarter, the fed sees gdp increasing at a 2.1% rate next year. that is half of the 4% growth that president-elect trump has promised. he said it could be higher than that. we all want to know what the rate hike means for you. mortgage rates are already rising. overnight, the average for a 30-year fixed rate jumping to 4.27%. that will move higher in the coming days. a month ago, it was 4.02%. earlier this year, plunged to historic lows to 3.34%. expect rates on home equity lines to go up. saf savers are winners.
they are moving in assembly line fashion purchase how much more area do you have? we have another 60 plus percent to search. we re finding mobile homes rather motor homes or trailers where people may have been living inside those trailers. those trailers have to be searched. we don t know if there s people inside those. we can t get to those yet or get inside those. there are trailers that look like they are being lived in inside the warehouse. i m sure many of you have seen those from the aerial footage. 3.34 oakland time. leadership trying to maintain calm certainly as there has been so much concern about the number of victims that resulted from the warehouse fire there. if you re just joining us, the new number, 33 victims with 35 to 40% of the warehouse now being looked through, having
about transparency and division between the trump organization and trump administration. we ll see if the republican congress chooses to weigh in on this matter. josh rogin. thank you. economics, lower taxes infrastructure spending, increased spending overall. a lot of debt and low risk. two months away from taking office. the financial markets are already prepping for a trump economy. while the stock market is enjoying the bounce, the bond market, 4.2%. that s an average, that s according to i think that s four numerals. it s one numeral with a decimal point. that s the highest average since early january. look at the jumps from the summer, john. 3.34%. why did it jump?
now gas is cheaper than a gallon of milk at $3.34, even a small coffee at $2.15 and it s translating in all-time record car sales, more than 17 million, a whopping 15% of them light trucks and suvs. this new suv only gets about 20 miles to the gallon in the city but with cheaper prices at the pump, many say it makes them more affordable to drive. can you imagine all the money i m going to save? maybe i can buy a boat. it gives you budget to afford something a little bit bigger. and big savings on heating bills this winter. with predictions this could be the new normal for several years to come. tom costello, nbc news,
three days, paying about 15 to 20 cents more per gallon than expected. expects say that s primarily because of the violence in iraq which increased global petroleum costs. people in the city say it s something you can t avoid. asr]i 1-deát as supply and demand. you have to drive to get from point a to point b, and you can t do anything about it. the national average price of gas is 3.68 per gallon. last year it was 3.48. the year before, people were7/zñ shelling out 3.34. aa is predicting things won t get better soon, saying prices could keep going up if there are in developments in iraq or a major hurricane, with a hot summer, drivers are going to hold off on hitting the open highway. have to budget, everything is so expense, gas prices going up, so it s a strain on everybody. at what price too you see at