the fed overdoes it and ends up slowing the economy. what about home prices, home sale? are some potential good news for homebuyers? the fingerprints of the fed are all over the housing market. they skyrocketed because borrowing cost raise so high. 5.3% is the average, 30 year fixed rate mortgage. that is nearly double a year ago. sometimes it has hinged up a bit, but it is way higher than a year ago. and i think for homebuyers, the bad news is that some people are just not going to be able to afford to get a mortgage. there does not going to be able to pay for one. but housing prices are down, right? the market is changing it that way. the good news is this has shifted the balance of power. we have had months of these all cash offers, bidding wars on homes. and this is going to slow things down and get some more bargaining power to buyers and
murderer, and we have photos of the weapons that were located in the vehicle. there were at least four handguns, semiautomatics, 9 millimeters. reporter: and the sheriff also said they recovered a rifle as part of this as well. also, $29,000 in cash they believe came from vicky white s recent home sale and multiple wigs as we can imagine was used as part of disguises. i also asked the sheriff why they were here for six days if they were supposedly on the run, and all he said was while he can t get into their minds, he believes that they were trying to figure out where to go next. but of course, that s all part of the ongoing investigation. oh my gosh. still so many questions, omar. but during casey white s extradition hearing this morning, he told authorities that he wants to go back to alabama. so, are they going to oblige his wishes? reporter: yeah. he waived his extradition rights during that hearing and one of the few words we heard him say
The Chinese housing market is braced for more hardship, after price cuts by developers and easing measures adopted by Beijing failed to boost sales during last week’s labour week holiday.