Your future. If youre looking to buy a home and need to take out a mortgage. Its more expensive. Mortgage rates have been on the rise since the start of the year and have been taking off in the last week. Will they continue the climb and what does it mean for home buyers and sellers this spring in our reporter has answers. The timing couldnt be worse. Just as the spring Housing Market officially kicks off this president s day weekend. These are steep prices. Mortgage rates are moving higher. And buyers were already facing higher prices amid competition. There is not enough homes to go around for people looking to buy. The half Million Dollar denver home went on the mechanic on thursday and three offers by monday with nearly 100 people touring the home in between. I thought i was kind of at a higher price point where it would be a little bit easier to get a place without competition. But i put down two offers and both times been beaten out by cash offers. Another bedroom here. Now risin
Your future. If youre looking to buy a home and need to take out a mortgage. Its more expensive. Mortgage rates have been on the rise since the start of the year and have been taking off in the last week. Will they continue the climb and what does it mean for home buyers and sellers this spring in our reporter has answers. The timing couldnt be worse. Just as the spring Housing Market officially kicks off this president s day weekend. These are steep prices. Mortgage rates are moving higher. And buyers were already facing higher prices amid competition. There is not enough homes to go around for people looking to buy. The half Million Dollar denver home went on the mechanic on thursday and three offers by monday with nearly 100 people touring the home in between. I thought i was kind of at a higher price point where it would be a little bit easier to get a place without competition. But i put down two offers and both times been beaten out by cash offers. Another bedroom here. Now risin
So much curiosity around the world for what the two leaders will be discussing in that meeting. One of the questions on the american side is whether donald trump would press Vladimir Putin on the issue of russias interference in the 2016 election campaign. No word yet on whether any of that was discussed well wait for some more reporting. There you see the picturing of the two leaders earlier before their meeting. We heard a bit from the president about what it was the two leaders were discussing today. He kept it fairly high level and fairly vague, but heres what President Trump had to say president putin and i have been discussing various things and i think its going very well weve had some very, very good talks. Were going to have a talk now and obviously, that will continue but we look forward to a lot of very positive things happening for russia and the United States and for everybody concerned. And its an honor to be with you. Reporter so the president there saying its an honor t
Closely. We see panic across the globe. The british pound dropped to a 30year low after the news. While you were sleeping, Prime Minister cameron said he plans to leave his office the next three months. Right now at this minute, cameron is at the palace for an audience with the queen. We know that on monday the cabinet will meet to work out the next steps. As far as the United States president obama will be meeting with david cam ran in the next few days. We are starting to hear from other Young Leaders on how they plan to handle the u. K. s exit. Several reassert their commitment. We will have more on that angle and other developments as the fall out of the vote happens throughout the morning and as we see changes i will let you know and update you. This morning the lead candidate to replace david cam ran is this man, former london mayor johnson. The native new yorker campaigned for britain to leave the e. U. Against the wishes of cameron both gallonned to the conservative party that
Looking good, into foster city with slowing southbound 880 near 92 and a nice looking shot of 280 in san jose, highway 17, across the screen. It will be pretty crowdedded with the necessary weather folks heading to the beach and president obama is here south manager coat area. We have a lot of activity in San Francisco that will affect the commute. Er continuing to track the major breaking news this morning the u. K. Voting to break from the European Union. Early this morning an emotional Prime Minister David Cameron announcing he is step down and will look by october. He said this morning that he doesnt feel that he is the right opinion to lead the country into to new chapter. The vote sent the world market into turmoil and futures are down right now, and european and asian markets are tumbleing some by 10 . Jessica castro is tracking this. What does it mean for the average american . Obviously sit a shock for the entire world and we do expect wall street to belong when it opens. Many