Inflation increases US household spending by an average of $433 per month, finds Moody’s – CNBC | CarTailz

People shop at a grocery store on June 10, 2022 in New York City. Spencer Platt | Getty Images The average American household is spending $433 more per month on the same goods and services than a year ago, according to Moody’s Analytics analysis of October inflation data. While September’s monthly figure of $445 is … Read more

Mortgage rates fall for second straight week – CNN | CarTailz

Mortgage rates fell again this week after falling almost half a percentage point last week. According to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.58% in the week ended November 23, compared to 6.61% the week before. A year ago, the 30-year fixed rate was 3.10%. Mortgage rates have risen for most of 2022, spurred … Read more

Get ready for the most expensive travel season ever – CNN | CarTailz

new York CNN business — For travelers preparing for their first vacation trips since before the pandemic, prepare for sticker shock. Airfares are high. Gas prices in the US are at their highest this time of year. Hotel room and rental car prices are up 12% and 46%, respectively, from 2019. The good news is … Read more

Mortgage Rates Plunge, Biggest Weekly Drop Since 1981 – CNN | CarTailz

Editor’s note: Freddie Mac, which has tracked weekly average mortgage rates since 1971 and has regularly made changes to its primary mortgage market survey, has changed the source of its November 17, 2022 data. Instead of surveying lenders, the weekly results are based on applications received from lenders submitted to Freddie Mac. Find out more … Read more

All eyes on the consumer ahead of Black Friday and the holidays – CNN | CarTailz

A version of this story first appeared in CNN Business’s Before the Bell newsletter. Not a subscriber? You can login exactly here. new York CNN business — It’s been a tough year for American consumers. inflation everywhere. Rapidly rising interest rates. A housing market that is starting to cool down. That raises a question with … Read more

Wall Street is putting hope ahead of reality…again – CNN | CarTailz

A version of this story first appeared in CNN Business’s Before the Bell newsletter. Not a subscriber? You can login exactly here. You can listen to an audio version of the newsletter by clicking the same link. new York CNN business — Shares rose on Thursday for their best day since 2020 after a key … Read more

New car prices are finally falling. But not much – CNN International | CarTailz

CNN — New car prices are finally falling. A little anyway. Cars still sell for more than manufacturers’ sticker prices on average, but they’re at least closer, according to analysts. And a number of car brands are now being sold below sticker price, something that used to be normal but had become rare in the … Read more

New car prices are finally falling. But not much – CNN | CarTailz

CNN — New car prices are finally falling. A little anyway. Cars still sell for more than manufacturers’ sticker prices on average, but they’re at least closer, according to analysts. And a number of car brands are now being sold below sticker price, something that used to be normal but had become rare in the … Read more

That’s why 75% of likely voters believe we’re in a recession — when we probably aren’t — CNN | CarTailz

new York CNN business — A new CNN poll shows three-quarters of likely voters feel the US economy is in recession. Probably not, but that’s not the point. The technical definition of a recession is two consecutive quarters of economic contraction experienced by the US economy in the first half of the year. But this … Read more

Food prices go up. But this favorite food is getting cheaper – CNN | CarTailz

new York CNNBusiness — At least one item in the supermarket is becoming cheaper: avocados. A substantial buttery fruit glut has triggered a drop in wholesale prices and also pushed down store prices. With the total cost of groceries up a staggering 13% year-over-year, cheaper avocados couldn’t come at a better time for inflation-weary households … Read more