Drivers around the U.S. have seen some modest relief at the pump lately as gasoline prices retreat toward $4 a gallon. But motorists shouldn’t bank on fuel costs returning to where they were just before the Iran war anytime soon, according to experts. Mark Zandi, chief economist at Moody’s Analytics, doesn’t expect gas prices to drop … Read more
Oil prices jumped above $100 a barrel on Monday and U.S. stocks dipped amid concerns about the impact of President Trump’s plan to blockade Iran’s ports and a partial blockade of the Strait of Hormuz, a key chokepoint for oil, fertilizer and other commodities. The price of Brent crude, the international benchmark, jumped $7.15, or 7.5%, to $102.30 … Read more
Mortgage rates dip below 6% for the first time in years. Here’s what it means for home buyers. – CBS News Watch CBS News For the first time since 2022, 30-year mortgage rates dropped below 6%. CBS News business analyst Jill Schlesinger explains what it means for home buyers and those looking to refinance. Source … Read more