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Expect to continue seeing interest rates rising, but perhaps not see as big of a jump each meeting. okay. there is also another thing that a lot of people look at, economists especially, they look at sort of what s happening in the housing market. and mortgage rates have actually dropped for a second week in a row. the 30-year fixed rate mortgage average 6.85%. now, a year ago, i get it, it was like half of that, 3.1%. but what does this mean for potential home buyers who have been sort of standing back and say, i don t know, these interest rates, i don t know how far they re going up and if this is a good time to buy. is this a window where they should really be thinking about going for it? well, i think it s helpful if you re a buyer if interest rates come down a little bit. the problem is, as you point out, they ve gone up so much, and house prices themselves haven t come down a ton. they ve come down a little bit in some markets. but not enough to offset how ....
On the strike in scotland with hundreds of thousands of pupils forced to stay at home. here s our scotland correspondent, lorna gordon. school s out with tens of thousands of teachers in scotland walking out, hundreds of thousands of children affected and parents left making alternative plans for their kids. so it s going to be a bit of a stressful day for them. whilst some parents will be supporting the strike action, i m sure deep down every parent will really be worrying about the change to schedule, trying to manage childcare, trying to manage kids at home, juggle work. it s just going to be a worrying day. the latest deal on the table would have seen lower paid teachers in scotland receive a rise of up to 6.85%. it s more than the previous 5% offer, but it s well below the 10% rise that unions want. a 10% increase isjust unaffordable for the scottish government. we have a fixed budget. it is already fully utilised for this year. so to do anything that would increase the resolution ....
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Correspondent, lorna gordon. school s out with tens of thousands of teachers in scotland walking out, hundreds of thousands of children affected and parents left making alternative plans for their kids. so it s going to be a bit of a stressful day for them. whilst some parents will be supporting the strike action, i m sure deep down every parent will really be worrying about the change to schedule, trying to manage childcare, trying to manage kids at home, juggle work. it s just going to be a worrying day. the latest deal on the table would have seen lower paid teachers in scotland receive a rise of up to 6.85%. it s more than the previous 5% offer, but it s well below the 10% rise that unions want. a 10% increase isjust unaffordable for the scottish government. we have a fixed budget. it is already fully utilised for this year. so to do anything that would increase the resolution ....
It s just going to be a worrying day. the latest deal on the table would have seen lower paid teachers in scotland receive a rise of up to 6.85%. it s more than the previous 5% offer, but it s well below the 10% rise that unions want. a 10% increase isjust unaffordable for the scottish government. we have a fixed budget. it is already fully utilised for this year. so to do anything that would increase the resolution that we have on this would mean that money would have to come from elsewhere. so i m very disappointed that we re moving to strike action. it s disruption for our children and young people and their families that we simply don t want to see. unions are angry and say the offer made by scottish local authorities and the scottish government is insulting a kick in the teeth. so it seems like another exercise in time wasting, another great charade, another great piece of pantomime by the scottish government and cosla. and what it means is that we will be seeing strike action a ....