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BBCNEWS Breakfast June 4, 2024 07:14:00

Welcome to viewers joining us on bbc two. we re going to talk about mortgage rates now. it s something that s worrying many people at the moment, and when the bank of england meets again next month, it s widely expected to raise interest rates again. it s all to tackle the rising rate of inflation, which is currently at 7.9 percent a slight fall from the previous month s figure. and of course rising interest rates also has an impact on mortgage costs which are currently at their highest level in 15 years. last week, the average two yearfixed mortgage rate rose to 6.81 percent, while the five year deal was at 6.33 percent. our reporterjohn ayres has speaking to a couple of people about their experiences. roseis rose is a nurse and widow who lost her husband five years ago. she ....

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BBCNEWS Breakfast June 4, 2024 05:32:00

Meanwhile, of course, as we all know, bills are creeping up. the water bill for an average household rose to nearly £a50 a year in april, and one report in the times suggests that could go up by as much as a0% in the future. for now thames water says supplies will continue as normal and that they have large financial reserves and are keeping the regulator 0fwat informed. worst case scenario, the company could be taken back into temporary public control, but it is far from clear whether it will come to that. we will talk about this a little later as well. hannah, thank you very much. it is 6.33. let s have a look at the sport. mike is at lord s ahead of the second day of the men s ashes second test. it s a fine setting, but these are tricky times for england. tricky times indeed. they need to fight back. it is a tricky day today, because if australia get an unassailable lead, they should have ....

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CNN Early Start With Christine Romans June 4, 2024 10:48:00

Fed s preferred gauge of inflation. mortgage rates falling to the lowest level since september. as the economic data is showing inflation might be easing. the 30-year fixed rate mortgage averaging 6.15% last week down from 6.33 the week before. now economists say the easing rates are boosting both home buyer demand and home builder sentiment. here with me now is the ceo of brown, harris stevens, a real estate company with 3,000 agents in new york, new jersey and connecticut. nice to see you this monday morning. good morning, christine. nice to see you. let s start with mortgage rates. yes. so they doubled. and then they were above 7%. and then they ve levelled off just above 6%. what should people think about what s happening in mortgage rates right now? there is this spirit of optimism right now as you mentioned they re the lowest they ve been since september. so people are taking advantage of that. applications are up, refys are up. that s a good thing and inflation is co ....

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CNN Early Start With Christine Romans June 4, 2024 10:48:00

Quarter if they put their money in the five highest yielding savings accounts instead of the five biggest banks. bank of america, citigroup, jpmorgan chase, wells fargo only paid 0.4% interest during the quarter but the five highest yielding savings accounts paid an average of 2.41%. looking at markets around the world. asian markets higher. hang seng up 2.4%. ment inflation cooling. stock index futures leaning up a little bit here this morning after stocks surged thursday. the s&p 500 snapped a five-day losing streak pushing aside for now worry that the federal reserve will hold interest rates higher for longer. mortgage rates fell again. the lowest in september. the rate on a 30-year fixed mortgage declined to 6.33%. gas prices falling. average price of regular 3.32 a gallon. another inflation gauge, november s producer price index is due out later this morning. 85% of americans are worried ....

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FOXNEWS FOX Friends First June 4, 2024 09:12:00

It is absolutely disgusting. where are the feminists? carly: yeah, there s also this out of california, tomi, where you used to live and gas prices are on the rise again in the state. they re now $6.33 a gallon. officials in california, which is the most highly regulated state when it comes to oil and gas, are placing blame on the oil industry saying they owe resident answers. what do you think about that? yeah, looks like they re taking a page out of our president s books blaming the refineries, blaming gas stations, blaming everybody but themselves. looking at california, there s high regulation and red tape and an environment that doesn t foster invasion and doesn t foster supply, you also have the second highest gas tax in the nation. people in california are paying about $0.54 extra cents because of the gas tax and we have to blame the voters in california ....

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