The housing market lost a record $1.3 trillion in equity in the 3rd quarter
The third-quarter decline means that equity among mortgaged homes is now down by nearly $1.5 trillion from its May 2022 peak. Plus, the equity of the average borrower has fallen by $30,000 from earlier this year.
dude is a record setter
Roughly 200,000 auto loans reached 60-day delinquency while an additional 100,000 remained in accommodations. Inflationary pressures pushed the average cost of a new vehicle to $47,138 in September, up $2,600 compared to last year, while the average cost of a used vehicle jumped $2,500 to $30,566, CNBC reported. Average interest rates for both new and used car loans rose one percentage point to 5.2% and 9.7% compared to last year in the third quarter.
More Americans can't afford their car payments in Biden's economy, Delinquency rates on U.S. auto loans hit highest level
Delinquency rates on U.S. auto loans hit their highest level in over a decade as low-income borrowers struggle with the end of pandemic era benefits programs and rising interest rates, CNBC reported Tuesday.Roughly 200,000 auto loans reached 60-day delinquency while an additional 100,000 remained in accommodations. Inflationary pressures pushed the average cost of a new vehicle to $47,138 in September, up $2,600 compared to last year, while the average cost of a used vehicle jumped $2,500 to $30,566, CNBC reported. Average interest rates for both new and used car loans rose one percentage point to 5.2% and 9.7% compared to last year in the third quarter.
as previously posted Wall Street wanted grid lock and while the GOP will have a slim majority in the House it's not the grid lock they were looking for
the markets are getting sHrEdDeD today
Bitcoin is down 15% (!), DOW down 400 points, S&P down 50, NASDAQ down 200
the markets are getting sHrEdDeD today
Bitcoin is down 15% (!), DOW down 400 points, S&P down 50, NASDAQ down 200
The cost of a turkey dinner has soared by a record high 20% as inflation eats into Thanksgiving budgets, the American Farm Bureau Federation says. The average Thanksgiving meal for 10 people will cost $64.05, or just under $6.50 per person, up from $53.31 last year, the agriculture industry group said. It’s the sharpest year-over-year increase the farm bureau has measured in 37 years of surveys tracking the prices of turkey, stuffing, sweet potatoes, pumpkin pie and other staples.
