The Numbers: February 23

Mortgages, cars and private schools – has the price of everything gone up?

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%.

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