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shanghai dropped 2.5%. the chinese central bank said the process is nearly complete. investors said, not so much. here in the u.s., investors are obsessed with when they will raise interest rates. until then, folks, rates are still rock bottom. 30 year fixed rate mortgages, averaging 6.8%. a fix that a lot of people use for a refinancing tool. you can see why that is there. procrastinating your refi, now is the time to act. if you are hitting the road, this should make the drive easier. this is the cheapest labor day gas price in 11 years, 11 years. $2.40 is the national average, $2.05 in my hometown. you say refinery issues or sticking it to us in the big
flipping is back. orlando, florida, where the average profit is 63% from a flip. in real dollars it s about $65,000 return on an investment. las vegas, phoenix, tampa. the hard testish hit areas. these states topped the list of foreclosures during the housing crisis. there s a buying opportunities for investors who have cash and they re making a boatload of money in this. most of us don t buy a house with cash. the brand-new numbers on mortgage rates. 15 year at a record low 2.56%. berman is gleeful over there. and usually the refinancing tool. a 30-year pretty close to a record low, as well. did you do it? well you re in the process. it s going to be money in your pocket berman. you are going to be an economic driver. you ll be able to go out there, use your extra $25 a month, and spend it somewhere. there s a first time for everything, i suppose. $25 a month. what s the one thing we need to know about our money? there are 3.9 million jobs
blitzer. yeah, i m very sorry about what happened yesterday. it was what i thought something had to be done on the fiscal cliff before the election. apparently nothing has to be done until the first of the year. so i think he should just stick with his position. president clinton claims he didn t know it expires after the electi election. rick santorum is resurfacing. the former pennsylvania senator will lay out his plans for the future today. sources say he wants his voice heard as leader of the conservative wing of the gop. he s expected to announce he s ez forming a political committee to give him that vehicle. new developments in the etan patz murder investigation. look at this photo obtained exclusively by cnn. it shows pedro hernandez, the suspect in the 1978 death of the 6-year-old little new york boy, in a suit and tie wearing glasses. investigators have removed a computer hard drive, two satchels and other items from his new jersey home. hernandez who has con
his mother overcome with grief. fans asking if the game he loved contributed to his death. a hero throws a tackle in a walmart parking lot. the iraq war vet trying to stop a suspect with a knife who took a woman s purse. but up first, al qaeda unmasked. in just four hours, the world gets to see a massive stack of documents from osama bin laden s compound. for the last 12 months, the documents were analyzed by intelligence officials and this morning, at 9:00 a.m. eastern they ll be posted online. we re told the information includes digital, audio and video files, printed materials, recording devices and handwritten documents. nic robertson live in london this morning. nic, peter bergen previewed those bin laden documents. in them, osama bin laden says we need to extend and develop our operations in america and not keep it limited to only blowing up airplanes. it s terrifying. reporter: it s absolutely terrifying. one of those documents, he says, specifically to his sor