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High Interest Rates Bring Down Home Sales in Southern California
The month-to-month drop represented a 2% dip, but the year-to-year data shows a 2.7% rise, according to California Association of Realtors.
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How to Earn More Money From Your Savings Now That Banks Are Raising Interest Rates
The Federal Reserve has raised its key interest rate five times this year, most recently on Wednesday, as part of its ongoing effort to slow the pace of inflation.
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San Diego Home Prices Dipped in August. But Interest Rates Aren't Helping Buyers
Although interest rates are high, home prices took a dip in August by about 6% and the average home price fell to $910,000 from $970,00.
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San Diego Home Prices Dipped in August. But Interest Rates Aren't Helping Buyers
The 6% interest rate still has potential homebuyers rethinking. NBC 7’s Brooke Martell has the details.
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The Fed Just Made a ‘Jumbo' Interest Rate Hike of 0.75% — Here Are 4 Things That Will Be More Expensive
The Federal Reserve has increased interest rates by 0.75%, increasing the cost of debt for credit cards, auto financing and other loans.
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How Steep Fed Rate Hikes Affect Your Finances
Mortgage rates have jumped, home sales have slumped and credit cards and auto loans have gotten pricier. Savings rates are slightly juicier, though. Many economists say they fear that a recession is inevitable in the coming months. With it could come job losses that could cause hardship for households already hit worst by inflation. Wednesday, the Federal Reserve acted again...
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Mortgage Rates Hit 6% for the First Time Since 2008
The average interest rate on a 30-year fixed rate mortgage climbed above 6% for the first time since the housing market crash in 2008.
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Impact of Mortgage Rates on San Diego Market
NBC 7’s Kelvin Henry has more details on mortgage rates in San Diego.
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Struggling With Credit Card Debt? Here's What You Should Do
Debt across the country hit a record $16 trillion this summer. People are buying more because of higher prices, and that means credit card debt is also going up.
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How to Pay Off Your Credit Card Debt
NBC 7’s Claudia Simones spoke to a financial expert for tips on how to get rid of debt as soon as possible.
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Experts Say Fed Rate Hikes Carry Some Benefits
The U.S. Federal Reserve raised interest rates by another 0.75% on Wednesday.
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Consumer Benefits of Interest Rate Hikes
With the U.S. federal reserve once again raising interest rates this week, there could be a flip-side. NBC 7’s Kelvin Henry takes a look.
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Federal Reserve Raises Interest Rate by 0.75% in Bid to Curb Inflation
The Federal Reserve announced Wednesday that they have raised the benchmark interest rate by 0.75% to curb high inflation.
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Is the Housing Boom in San Diego Over?
San Diego-area homeowners have seen their home value skyrocket. But that’s still keeping some people out of the market. NBC 7’s Kelvin Henry has the story.
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Is the Housing Boom in San Diego Over?
San Diego is one of the fastest cooling housing markets in the entire country, according to Redfin.
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Amber Alert for San Diego Baby in Tijuana | What's Up?
An amber alert is in effect for a San Diego baby after the body of her mom was found in Tijuana. And, the search continues for a missing teenager in Mission Beach. Plus, the federal reserve raises interests rates by three quarters of a percent.
Here’s What’s Up in San Diego County for June 15, 2022. -
Powell: Another .75% Interest Rake Hike in July Seems Likely
“We’ve seen financial conditions tighten,” Federal Reserve Chair Jerome Powell said Wednesday. “The next meeting could very well be about decision between 50 and 75 [basis points].”
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How Do Federal Reserve Interest Rate Hikes Affect Inflation—And Your Wallet?
The Fed raised its benchmark interest rate by half a percentage point, its most aggressive move in more than two decades. Here’s why and how that may impact your wallet
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Creeping Interest Rates Keeping Potential Home Buyers on the Sidelines
There’s more housing inventory on the market, but with mortgage rates sitting at just above 5%, it’s one reason one San Diego mortgage broker says some potential homebuyers are waiting on the sidelines until they put in an offer.
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How Long Can the San Diego Housing Market Stay This Hot?
The median single-family home in San Diego County reached $1 million in April, according to resale housing statistics compiled through the San Diego Multiple Listing Service by the Greater San Diego Association of Realtors