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SAN DIEGO (KGTV) — The Federal Reserve's decision to lower its key interest rate to near zero will help some San Diegans, but frustrate others.The Fed reduced its Federal Funds Rate to near zero for the first time since the Great Recession of 2008. The move, in reponse to the Coronavirus outbreak, will help keep auto loan rates low and mortgage rates near historic lows. It will also, however, lower earnings from interest bearing savings accounts. Greg McBride, chief financial analyst for Bankrate, predicted the economy to go into a recession, but said the low borrowing rates would help jump start spending once activity picks up again. "Coming out of that, one of the things that's going to give the economy a boost to recover from that will be these brutally low interest rates that entice consumers and businesses to resume borrowing and spending," McBride said. "Somebody concerned about losing their job is not going to go to go out and buy a car."Mortgage rates are already extremely low, with the average rate for a 30-year fixed is 3.36 percent. Still, that's above the all-time lows reached earlier this month, when the Federal Reserve made its first emergency cut. Mark Goldman, a loan officer for C2 Financial Corp., said there has been a rush to refinance since that earlier drop — a big reason why rates did not fall deeper."There's so much refinancing business going on right now that lenders can't stand a lot more business, so they price accordingly," Goldman said. Still, those mortgages rates will remain low as San Diego County enters what's typically its peak home buying season. 1613

SAN DIEGO (KGTV) - The City of San Diego may owe you some of its unclaimed .2 million.The funds come from checks that are returned if the addresses are invalid. Checks that remain uncashed after six months become unclaimed monies.Amounts range from to ,000.We want to refund every single dollar of unclaimed money,” said Cecilia San Pedro, Disbursements Manager for the Office of the City Comptroller. “A simple search is all it takes to verify if you have been issued a check that has gone unclaimed. There is no charge to search the data or to file a claim.”To see if the City owes you money, click HERE.You can submit a claim by printing and completing the Request for Unclaimed Monies form.Send to:City of San Diego, Office of the City ComptrollerUnclaimed Monies Claim Processing202 C St. – Mail Station 7ASan Diego, CA 92101The City will verify claims and send replacement checks in four to six weeks. Anyone who has questions about unclaimed money may call 619-236-6310 or email comptroller@sandiego.gov.    1045

SAN DIEGO (KGTV) - The Grinch is back yet again to steal Christmas from San Diego.The Old Globe Theatre's production of "Dr. Suess's How the Grinch Stole Christmas!" returns to San Diego for its run from Nov. 4 to Dec. 24. Back for its 20th year, the holiday classic brings Whoville to the Donald and Darlene Shiley Stage in Balboa Park. The Grinch, played by Edward Watts, will embark on a quest to stop Christmas from gracing the town of Whoville, featuring the songs "This Time of Year," "Santa for a Day," and "Fah Who Doraze."RELATED: Holiday family fun around San Diego this seasonBut the action isn't just on the stage.On Sunday, Nov. 12, the show will kick off with the 12th annual tree lighting outside the Globe with a special performance by the cast for free. On Dec. 2, the show plays on the background of Balboa Nights, giving families the chance for a full day of holiday fun.Preview performances will run from Nov. 4 to Nov. 8, with opening night occurring Nov. 9. Tickets begin at for adults and for children 17-years-old and under. Children under three will be admitted to 11 a.m. shows only. Children under two will be admitted for free but must remain in the lap of their parent or guardian.For a full list of shows and to purchase tickets, visit the Old Globe Theatre's website here. If you've never seen The Old Globe's run of The Grinch, here's a little taste: 1428

SAN DIEGO (KGTV) -- The former Imperial Beach PTA president who’s accused of embezzling thousands of dollars has pleaded guilty. Kaitlyn Birchman was supposed to have a preliminary hearing Thursday morning, but she’d already pleaded guilty to forgery of a financial institute. She is set for sentencing on April 3. RELATED: Former Imperial Beach PTA president charged with embezzlementBirchman served as the PTA president at Imperial Beach Charter School from 2016 to 2018. During that time, prosecutors say she stole at least ,000 from school membership fees, book drives and holiday fairs. 603

SAN DIEGO (KGTV) -- The family of the man killed in a wrong-way crash on Interstate 5 Monday morning says the California Highway Patrol got it wrong. According to them, their brother - Justin Callahan - was a driver, but not the driver who caused the crash. RELATED: Driver killed, 2 hurt in wrong-way crash on I-5On Monday CHP told 10News the following: Just before 2 a.m. Monday, a Volkswagon Jetta was traveling eastbound in the westbound lanes of Inerstate 8 from Sunset Cliffs Boulevard. As CHP officers responded, the Jetta entered the northbound Interstate 5 transition ramp to the westbound I-8 in the wrong direction and collided head-on with a Toyota Camry.An SUV then crashed into the back of the Camry, the CHP said.The driver of the Jetta was 35-year-old Justin Callahan, who was declared dead at the scene. Justin's family says he usually drives home from work at the time and would have been traveling in the opposite direction - from Chula Vista to his home in Ocean Beach. Based on that information, they tell 10News the CHP's report just doesn't add up. "It doesn't make any sense," his brother, Tommy Villafranca, said.  "Why would he get back on the freeway and get back the opposite direction?"And if Callahan did turn around and got back on the freeway, the timing doesn't add up,  his brother said.  He says his work caught on security video leaving at 1:38 a.m. and the crash happened less than 20 minutes later."It takes 21 minutes just to get from his work to Sunset Cliffs Boulevard," Villafranca said.   "He’s still got to turn around go back, and that would take even more time, so the timeline is not working at all."The family has created a GoFundMe to help them pay for arrangements necessary to get Callahan back to Wheatland, California and arrange a funeral. "Justin was an artist and an inspiration to the people around him," James O'Callahan wrote on the GoFundMe page. "At this point I am too broken up inside to write anything worth reading. Please share a story you have about him in the comments."In the comments, Stevie Workman wrote: "Justin, was my neighboor down stairs while I was in college. We had great times!! Dressing up in suits to go to fancy dinners, Super Bowl parties and talking to him about aviation. He was an amazing guy! Thoughts are with his family and friends."The GoFundMe has raised ,410 of the ,000 goal since Tuesday.     2596

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