election to be completed within the next week. this will ensure that we remain on a path to deliver our fiscal plans and maintain our country s economic stability and national security. i will remain as prime minister until a successor has been chosen. thank you. the high stakes political scramble in britain to find yet another prime minister. i m brianna keilar with john berman this morning. liz truss stepping down after 45 days in office, her tenure the shortest at any prime minister in history. sending shock waves across britain and driving the tabloids into a dizzy. who will be the next prime minister? they expect to name a new prime minister by the end of next week. even the name of former prime ministers are being floated, remember what boris johnson said? the terminator quote he may have been looking for is i ll be back. let s go live to london and bring in max foster. quite a moment in the uk. reporter: absolutely. boris johnson definitely the words on everyone
good morning, everyone, i m bianna golodryga. and it is very busy friday in washington. right now we re standing by as a federal judge sentencing former top trump adviser steve bannon. he was convicted this year on two counts of contempt of congress. all of this stemming from his refusal to testify before the january 6 select committee. plus we re on scene watch. the committee could request an appearance from trump. and he has hired a new lawyer to handle a suspected subpoena from the committee. and let s begin with the steve bannon sentencing. cnn correspondent sara murray is outside of the u.s. district court in washington, d.c. the judge this morning said bannon has expressed no remorse for his actions. walk us through how all of this is expected to play out today. reporter: well, sure, bianna. they re getting through the housekeeping items they have to get through before the judge hands down a sentence. what bannon s team was hoping for that he would get probation,
Sit out this market. new data this week shows that sales of existing homes in september fell nearly 24% compared to last year. and are down 1.5% compared to the previous month. so why are mortgage rates rising so much? well like many things in this chi, the answer lies with the fed as they try to cool inflation by slowing spending, it is raising the key interest rate and that impacts borrowing for us consumers including mortgage rates and in the housing market we re seeing slowdown in spending. existing sales have fallen for eight months in a row. but what about home prices. prices have yet to slow. prices are still on average higher than they were a year ago. although slowing on a month to month basis. so what is a buyer to do in this market? i talked to dotty herman with douglas hellerman who said if you still afford to buy, you
If you re locked in at 3 or 4, there has to be a huge incentive for you to want to buy on this market. a year ago, the monthly payment would have been $1,700, today that same mortgage, about 7%, just about 2,600 that s $1,000 a month more just in interest. you can t afford the same size house. maybe people are going to wait. what s the advice that home buyers are being given. i spoke to dotty herman yesterday who s a real estate pro, has been in the business for decades and said, what are you telling people? she said something i was surprised to hear. for buyers, if you can afford it, can afford the higher monthly payments you might be in a better position now than the last few years because you have more negotiating power. you can get through to the solar whereas if you bought a house the last few years you know, the first day it was on the market,