Fox News: Average 30-Year Fixed-Rate Mortgage Hits 22-Year High

RUSH EXCERPT:

HOFF: "Yeah, the national average for a gallon of gas today, that’s $3.82, about where it was a year ago but 68 cents higher than two years ago. Combine that with the cost of a new home, and Americans are paying the the highest they have in 22 years. The average 30-year fixed rate mortgage increased last week, a strain that buyers have not seen since 2001. A year ago it was 5.5%. The Federal Reserve continues to try to chip away at stubborn inflation, and Americans are feeling it overall everywhere they turn. According to the the latest Fox News poll, 35% of registered voters this month reported that their personal financial situation is excellent or good, now 65 reported only fair if or poor — 65%. That second number up 19% from two years ago. Inflation and the economy consistently rank as top concerns for voters, but President Biden feels confident that his economic efforts are paying off and that embracing the term ‘'Bidenomics'’ will earn him a second term."