interest rates

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.

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.

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.

The 6% interest rate still has potential homebuyers rethinking. NBC 7’s Brooke Martell has the details.

The Federal Reserve has increased interest rates by 0.75%, increasing the cost of debt for credit cards, auto financing and other loans.

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...

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.

NBC 7’s Kelvin Henry has more details on mortgage rates in San Diego.

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.

NBC 7’s Claudia Simones spoke to a financial expert for tips on how to get rid of debt as soon as possible.

The U.S. Federal Reserve raised interest rates by another 0.75% on Wednesday.

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.

The Federal Reserve announced Wednesday that they have raised the benchmark interest rate by 0.75% to curb high inflation.

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.

San Diego is one of the fastest cooling housing markets in the entire country, according to Redfin.

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.

“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].”

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

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.

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