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SAN DIEGO — The economic fallout from the novel coronavirus is leading to increased opportunities to buy a home or refinance one currently owned. Freddie Mac reported Thursday that the average rate for a 30-year fixed mortgage was 3.29 percent, the lowest in its 50-year history.That's down from 4.41 percent one year earlier. With the new, lower rate, a household with a 0,000 mortgage would save about 0 on their monthly payments. "Anytime there's any sort of any big natural disaster, war threat, that type of thing, the Wall Street money seeks safe havens, and that tends to drive rates down," said Scott Harmes, a senior loan officer at C2 Financial Corp. Harmes said the phones have been ringing off the hook since the rates fell, including for people inquiring to refinance. He said refinances should be evaluated on a case-by-case basis, depending on how much a household owes, how much longer the loan will last, and how long they plan to stay in their home. For those in the market to buy, the lower rates come just as San Diego will enter the spring peak homebuying season. Realtor Michelle Silverman said the higher rates could make the market tighter, but that homes still need to be priced appropriately."A seller can't be greedy," said Silverman, of Coldwell Banker. "If you have a greedy seller, the house is going to stay on the market. If the property is priced right, you're going to get multiple offers, maybe even go above list price, and it will move. It will sell."The rate drop comes after the Federal Reserve lowered its key Federal Funds Rate by 0.5 percent earlier this week in an emergency action. CoreLogic reports that the median home price in the county was 5,000 in January, up 7.9 percent from one-year earlier. 1762
The line is available Monday through Friday from 7 a.m. to 11 p.m., Saturdays from 7 a.m. to 3 p.m. and Sundays from 7 a.m. to 9 p.m. By the end of the year, the state expects that the call center will be available 24/7. In peer-run or peer-to-peer programs, someone who has personally gone through similar mental health challenges provides support to callers. “Too many Californians are struggling with mental health and emotional well-being challenges. Peer-to-peer support is a proven way of helping people stay healthy and get the help they need. The California Peer-Run Warm Line is an important resource for so many people, and I’m thrilled we were able to get it funded,” said State Senator Scott Wiener (D-San Francisco.)The line was made possible through the state budget allocation of .8 million, which will be spread over three years. The debut of the line comes days before Thursday's World Mental Health Day. 1245

SACRAMENTO, Calif. (KGTV) -- Tens of billions of dollars worth of homes are being threatened by wildfires burning throughout California, according to Trulia.According to the site, there are 15,858 homes within the perimeter of the Woolsey Fire raging in Southern California.Combined, the homes are worth about .6 billion with a median value of .1 million.Within the perimeter of the Camp Fire burning in Northern California, there are 11,421 homes worth just under billion combined with a median value of 8, 208.As of Monday afternoon, the Camp Fire had burned 113,000 acres and was 25 percent contained. Meanwhile, the Wolsey Fire as of Monday scorched more than 91,000 acres and was 20 percent contained. The blazes have so far taken the lives of 31 people with hundreds still missing. 817
SAN DIEGO (CNS) - A 33-year-old man was shot three times Sunday while driving with a companion, police said.The shooting happened at 1:22 a.m. at the intersection of Mary Lou Street and A Street when a man standing on the corner opened fire at the victim's vehicle multiple times, said Officer S. Foster of the San Diego Police Department.The victim was taken to a hospital by his companion, Foster said, where he was treated and was expected to survive.The suspect fled the scene and police detectives are investigating the incident, the officer said. 560
SAN DIEGO (AP) — A military judge refused to dismiss the case against a decorated Navy SEAL charged with killing a wounded Islamic State prisoner in Iraq in 2017.Capt. Aaron Rugh (ROO) made the ruling Friday after previously removing the lead prosecutor who has been accused of misconduct.Defense lawyers argued for the case to be dismissed after discovering prosecutors secretly tracked their emails without court approval.RELATED:New date set for Navy SEAL murder trialMilitary judge releases Navy SEAL accused of murder before his trialRugh unexpectedly released Special Operations Chief Edward Gallagher from custody last week as a remedy for prosecutors interfering with his right to counsel.Gallagher is charged with premeditated murder in the stabbing of a teenage militant and with attempted murder in the shooting of two Iraqi civilians.He denies the charges and says disgruntled platoon members made the allegations because of his tough leadership. 966
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