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Fixed loan rose to 5.11%. up from 5 even last week. that is the highest in 12 years. also tonight, federal reserve chairman jerome powell is signaling the board is likely to raise interest rates by a half percent tant poij at its meeting next month. et says similar rises could be necessary after that. stocks were down following powell s comments today. the dow lost 368. the s&p 500 fell 66. the nasdaq was off 278 today. up next, actor johnny depp faces tough cross-examination during his defamation trial against former wife amber leard. first, here what is some of our fox affiliates are covering tonight. fox 5 in new york as police arrest a 44-year-old handyman for the gruesome murder of a queens woman. david bonola is accused of stabbing 51-year-old orsola gaal dozens of times. stuffing her body into duffle bag and dumping it investigators say bonola admitted to the killing after police questioned ....
trace: hitting a record high in march at $375,000, that is according to the national association of realtors, that is up 15% from this time last year. mortgage rates also up above 5%. that is if you can even find a house to buy in the first place. gerri willis from the fox business network tracking this from new york city. jerry, good afternoon. good afternoon to you, trace, that s right, people are calling it the american pipe dream. rising mortgage rates exploding home prices and historically low inventory is putting the american home dream out of reach. it s turbulent times for home buyers saying that s an uphill battle to secure their forever home. your singer right here, 5.11%, that is the new average interest rate for a 30-year fixed rate mortgage according to freddie mac and it s up for may 22 low of 3.22% in january ....
5.11%. that s the mortgage rate for a 30-year fixed rate loan. that s up about a point from just a month ago. and about two points from a year ago. so it s incredibly expensive to buy a home right now. also those mortgage rates may deter many americans from becoming first-time home buyers. we did a little math. it s about $370 more for a mortgage rate this year than it was last year per month. and if you look at rental prices soaring right now, up 17% in just the last year. so analysts tell us that we may see a little softening in prices on the home buying market, but mortgage prices we re still expecting them to rise because they usually rise in line with interest rates which the federal reserve said they re going to raise a couple of times this year. right. those interest rates going up in order to deal with inflation. tricky situation. vanessa, thank you. ....
Health officials and doctors agree that Vietnam is ready to implement a safe vaccination campaign for children aged 5-11, aiming to have a vaccination rate in this age group of 90-95 per cent. ....