Hot News Now on Friday, 5-13-2022 from Go Home TV

This is a pilot test of our new daily Hot News Now broadcast that will start next week. Let us know what you think!

5/13/2022

By R. Michael Brown, Go Home TV Producer & Dawn Pfaff, Go Home TV Host & President of My State MLS

For today, Thursday, May 13, 2022, the national average 30-year fixed-mortgage rate is 5.57%, up 9 basis points from a week ago.

Our lead story today is the housing market has flipped trajectories and is cooling. Home listings are rising and 15% of home sellers in April cut their asking price.

There are mixed reviews from NAR members about the increase in the Consumer Advertising Campaign assessment. Many felt that $35 for advertising against NAR competitors was a waste of money.

Inflation decelerates slightly from 40-year high as the Consumer Price index rises 8.3% in April, down from 8.5%. The national average for gas hits a record $4.37 a gallon.

That's our Hot News Now for today. Check in with us every weekday on Go Home TV for our daily Hot News Now. 

Dawn Pfaff 2.0, Founder and President of My State MLS

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