3 numbers to know this week
4.22%
The 30-year fixed mortgage rate, which is darn high. Inflation in the United States is at its highest level in forty years. As a result, the Federal Reserve is anticipated to raise interest rates several times in 2022, which suggests borrowing will get even more expensive.
82%
The amount of consumers paying over sticker price for a new car, according to a report from Edmunds. Between the ongoing chip shortage, and inventory issues, if you’re in the market for a new car, you’re going to have to dig deep in your wallet, or wait.
$60,000
The tuition price at New York City’s most exclusive private schools is approaching, or surpassed, $60,000. According to Bloomberg, median school fees have risen approximately 55% in NYC in the last decade. That beats the national average by almost 8%.
