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SAN DIEGO (KGTV) - Mortgage brokers spent the past week calling and emailing clients around San Diego, telling people it's time to buy."Whenever I see a rate dip like that, my first reaction is to call everyone as fast as I can," says Broker Scott Davenport. "I try to get a hold of as many people that have been on that fence to jump on it as quickly as they can."The frenzy started when mortgage rates dropped .22% on March 27, to 4.06% on a 30-year fixed rate mortgage.It was the biggest single-week rate drop in more than a decade.RELATED: San Diego among top hot housing markets for 2019, Zillow reports"That could mean a savings of hundreds of dollars per month," says Davenport. "Or even hundreds of thousands of dollars over the course of a 30 year mortgage."Analysts say the drop came after the Federal Reserve said it was worried about the economy slowing down. It caused concern among investors, which led to good news for buyers."It's not gonna last," says Davenport. "You never know where the market's going to go. I expect rates to stay low through the summer, but at the same time, I don't expect them to stay low for long."Rates hit historic lows in 2012, around 3%, after the recession and housing bubble burst. Davenport says he doesn't see conditions that would create rates that low any time soon. That's why he's telling people to take advantage of the current rate near 4% now.He says anyone thinking of buying, or of refinancing a mortgage should get in touch with their broker now."Have the numbers run. It's something we do all the time," he says. "We can see if there's a benefit for a refinance with it, with the rate drop for you right now. Or if you're looking to buy a house, get pre-qualified first." 1739
SAN DIEGO (KGTV) — More San Diego college students will be moving back to campus this weekend, as San Diego State grapples with trying to reduce its cases more than three weeks after its fall semester began.When SDSU started moving students back onto campus at the end of August, COVID-19 testing wasn't mandatory. Since Aug. 24, SDSU's cases on and off campus have climbed to 721 confirmed cases and 28 probable cases as of Wednesday.SDSU is now requiring testing for any students living on campus.RELATED: Petition calls for SDSU tuition and campus fee partial refundOther local universities are planning to require testing as well.Dr. Robert Schooley with UC San Diego says students will begin a staggered move-in process starting this weekend."We have appointments for all of them to arrive at a certain time they'll be tested as they arrive before they move into the dorm," Schooley told ABC 10News anchor Lindsey Pena.UCSD is expecting several thousands of students to move back to campus this fall. But school leaders say they're encouraged with what they've seen at other UC campuses.RELATED: San Diego Community College District announces online classes through 2021"Things at Berkley are going very well things at UC Merced are going very well. Two semester schools that have almost a month head start in terms of people moving in," said Schooley.At the University of San Diego, students will move back onto campus this weekend, though classes started a few weeks ago. The school decided to hold off on moving students back to campus. Only about 500 students will be in dorms, and 90% of classes remain virtual, a USD spokesperson tells ABC 10News.All USD students moving back on campus will be tested when they arrive.Point Loma Nazarene students moved back to campus earlier this week and were also required to be tested when they arrived. 1859
SAN DIEGO (KGTV) - On Friday, a group of San Diego teenagers got a lesson in what it takes to make it in San Diego. Junior Achievement of San Diego County hosted the Helix High class of seniors at their Finance Park. "These are all seniors getting ready to go into the real world, this is a program getting them real-world ready," said Valerie Hash, Capstone Manager for Junior Achievement. RELATED: Making it in San Diego: Millennials outpace Generation X in both total debt and long-term savingsWith the help of volunteers and technology, students gain the knowledge and skills to make smart financial decisions. In the four-hour crash course, students become adults for the day, complete with a salary, family, education, and debt. Once they have that information, they use their tablets to plan, budget, and save. "The number one thing I hear is kids are expensive! And I tell them, yes you are! So then they understand all the decisions their family has to make in order to make their life awesome and possible," said Hash. When taking out loans and making other purchases, students see real-world San Diego costs. RELATED: Making It in San Diego: Affording the cost of pet ownership"When we're working with students, national averages don't work. We're San Diego, California, we are extra! So we want to make sure students see that. Yes, you're going to make more money, things are going to be more expensive, how do you mitigate that? Because if you want to stay in San Diego, you should understand that," said Hash. Students were assigned various careers like psychologists, teachers, and dental assistants. They learn the importance of spending money wisely and recognizing a budget as a crucial tool.RELATED: Making It in San Diego: How to budget when you're on an inconsistent income"Number one is yes, kids are expensive, number two, yes, San Diego is expensive, but number three, it's all possible, it's doable. You can still live in San Diego, have a home, have a car, clothe your family, but you have to make other types of sacrifices," said Hash. Junior Achievement welcomes other schools to take part in the Finance Park. Some scholarships are available.Businesses and individuals can also sponsor a school to take part in the program. 2260
SAN DIEGO (KGTV) – More drive-in entertainment is coming to Escondido’s Westfield North County mall as summer comes to a close.In August, the California Center for the Arts, Escondido (CCAE) hosted several drive-in live concerts at the former Nordstrom parking lot at the mall on 272 E Via Rancho Parkway.From September through November, the same mall parking lot will be the site for weekly drive-in movie screenings. Spaces for more than 250 vehicles will be made available and spaced apart to keep moviegoers safely distanced.Doors for the screenings will open at 6:30 p.m. on a first-come, first-serve basis. Movies will begin at 8 p.m.The schedule for September:Thursday, Sept. 3: CarsThursday, Sept. 10: Inside OutFriday, Sept. 11: Jurassic ParkThursday, Sept. 17: TangledFriday, Sept. 18: Mamma Mia!Thursday, Sept. 24: ShrekFriday, Sept. 25: Indiana Jones: Raiders of the Lost ArkThe schedule for October and November is expected to be unveiled sometime in mid-September.Tickets are per car and can be purchased at artcenter.org/events or by calling 800-988-4253.Snacks can be bought at the same time tickets are purchased, and special drive-in dinner boxes and specials can be purchased at the screenings through the mall’s restaurant partners.A portion of ticket proceeds will benefit the CCAE, Escondido Community Foundation and Central San Diego Black Chamber of Commerce Foundation. 1406
SAN DIEGO (KGTV) — One person is dead after his SUV careened off Interstate 5 near Pacific Beach Tuessday.A driver was traveling on northbound I-5 near Garnet Ave. just before 2 p.m. when a witness tells 10News the white Toyota RAV 4's passenger-side wheels became caught on the freeway guardrail. As the vehicle continued it fell off I-5, traveled down an embankment, and landed on its top on Garnet Ave. below the freeway. It wasn't immediately clear how the vehicle lost control to start, California Highway Patrol said.RELATED: Driver hits pedestrian, flips car in Pacific BeachThe male driver was severely injured in the crash and died at the scene, CHP says.Video from Sky10 showed the white SUV overturned in the center of the road and surrounded by debris. Police closed both directions of Garnet and Balboa Avenues to investigate and clear the scene. No I-5 lanes were closed due to the crash.A white Lexus sedan traveling eastbound on Balboa Ave. was hit by debris from the crash. That driver was not injured. 1027