Complicated chaos: How stock market dip can benefit consumers
Gas prices expected to drop
DETROIT – The stock market took hits Monday, but there is gain among those losses.
Stocks had their worst day since the 2008 shutdown, fueled by coronavirus fears and a fall in oil prices.
While the market is feeling pain, there’s some benefits consumers can expect as a result.
The price of gas is expected to drop below $2 a gallon. Also, if you’re planning to buy a new house or refinance your mortgage, now is a good time. Right now, the 30-year fixed rate is 3.15 percent. The 15-year fixed rate is 2.8 percent.
People who have investments are reminded to check their allocations and make sure they are diversifying those investments.
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