today lawmakers are putting the spotlight back on this crazy anti-semitism we are seeing all across the country. steve: all across the country. a fox news alert. the inspector general found that screening process of migrants at our southern border is not working. hello, we knew that this before we learned that 8 suspected terrorists crossed our border. ainsley: and are you having trouble paying your bills in should explain it the cost of homes, rent, energy and cars all up. wait until you see the numbers. the second hour of fox & friends starts right now. and, remember, you might not be able to pay your bills, but mornings are better with friends we start with a fox news alert. president biden is meeting with leaders on day one of the g 7 summit in italy. brian: this afternoon the president will hold a rare press conference with ukrainian president zelenskyy and answer questions for the first time since his son hunter s conviction. peter doocy is live at the white hou
going to be a problem, higher interest rates are never good. i ll pull an interest rate on a small loan that we have. i m not changing anything, i m going on. i worry about it in terms of my kid. i think it s inevitable that our interest rates are going up. hopefully interest rates won t jump up and screw up everybody s mortgages and keep our economy strong. we think that it probably should go up a little bit. not a lot. don t let the fed get out of hand. neil: we generally like to catch up with average folks on busy streets and god forbid they should get hit, but it s good. that s what we do, we go out on the busy streets and say and you can see there s a collective angst how high do we go. whether it s going to affect lending, whether people are
by ten basis points. so again, that is the direction. now for people, we ve been speaking to today, this is about more than just mortgage rates. all types of interest rates are moving higher that does have some of them rethinking their investment plans. i think i m going to pull an era to see what the interest rate on a small loan that we have. i m not changing anything. i m going on. what i worry about are my kids. it s inevitable the interest rates will go up. hopefully interest rates won t jump up and screw up everybody s mortgages and keep our economy staying strong. yep, there s always hope. but most people, expert-wise say higher rates are inevitable. washington might not be helping. the budget deal is being debated. if it passes, it would and
mortgage for 3%. those days are gone. it s adjusting to the new reality where rates are backing up and not staying lou that has a lot of people flummoxed. the ten-year yield has been backing up to the degree it has and this has sped up the last few trading weeks. it has people unsure where it goes. remember, it means the cost of carrying your debt will get more pricier. a lot of debt, more pricy. if you re the united states government and you have 21, 22 trillion in debt, a lot more pricy. connell mcshane on how all of this is going down with folks. it s the direction to your point rather than the overall rate. so it s really nothing from a historical perspective. there is this trend in this widespread employment that we have entered a time when rates will be going up, not down. a new normal. the 4.32%. nothing compared to the 80s. that is the average rate. it came in from freddie mac up
it s just higher. we re adjusting to the rates going higher. higher rates, increased expense in corporate borrowing is what is wagging on the stock market. so just to look at the stock market, a quick recap. some still settling the levels here. you can see the big red arrows, the s&p and nasdaq. we don t want to be remiss in showing you the bright spots. three of note there. some of the bigger losers among let s just face it most of the market. intel, boeing and cater pillar, nike and across all kinds of businesses. the bigger picture, neil, is that you know, it seems as if the fed will have to raise rates more than three times, which is i think what most investors had expected this year and we re hearing the same language from other central banks as well. the ecp and the boe, the bank of england of note. a lot of pros that i speak with