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GeoPulse : Learn how to take control of your money with smart personal finance strategies, simple investing tips, and daily money hacks. In this video, we break down today’s financial news and give you practical steps to grow wealth, save smarter, and invest wisely.

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News
Transcript
00:00There's some good news and some bad news. The good news is that as of the latest data from this week,
00:04inflation is now at its lowest point in the last two years at 4%, meaning prices are still going
00:10up, but now only by 4% per year. Now, the bad news is buying a house is potentially going to get more
00:16expensive. Now, I have to warn you that I'm not a real estate agent. I'm not a professional.
00:21I'm just an amateur trying to understand this stuff by looking at the data, but it's kind of
00:26crazy to see what happened in the last few years. In January of 2019, the median sales price in the
00:32U.S. was only $313,000. At that time, the average 30-year interest rate was about 4%. That's a
00:39monthly payment of about $1,500. Now, let's take a look at those same numbers today. The median sales
00:44price is now $436,000, and interest rates are 7% for the national average 30-year mortgage. That's
00:52a monthly payment of $2,900. That's a 93.4% increase, or in other words, almost double.
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