And now to some of the other business headlines, you need to know
some welcome news for potential home buyers.
Mortgage rates have dropped below 7% for the first
time since the middle of August Freddie Mac reports
that the average rate for a 30 year fixed
mortgage was 6.95% for the week ending today.
Down from 7.3% the previous week, but it's still up from 6.31% a year ago.
Freddie Mac's chief economist said the housing market could
begin to thaw next year due to slowing inflation
and expectations that the fed will lower interest rates next year.