And less cash in home buying and lender underwriting. Weve talked a lot about some loosening in the market. More adjustable rate loans and even interestonly loans coming back. Freddie mac made some changes when it comes to student low debt as well. That should give branks and nonbank lenders a boost in earnings for the year. We actually have more housing data out today. Mortgage makeses edging up ever so slightly 0. 1 last week but existing home sales, thats where i really want to focus in on because they came in quite strong. Right . Yes, mandy. Were seeing healthier sales in june. Prices, not so much. Sales gained a larger than expected 3. 2 in june for the month, up 9. 6 for the year. Thats the strongest monthly pace in over eight years. But they came at a very high price. The median existing home price hit 236,400. Thats the highest ever. It is due to tight supply up less than half a percentage point from a year ago, just 2. 3 million homes for sale. It is also due to more expensiv
Theyre about to make a big bet on all Day Breakfast. Will this be the move that finally turns things around for the fast food giant . Or is it just too little too late . We have both sides of yet another heated debate on mcdonalds. Everybody, you either love it or hate it right now. Nobody is lukewarm on mcdonalds these days. A lot of people like breakfast for dinner. We will see. That big selloff in commodities. Keeping an eye on that for you. Gold seeing the longest losing streak since back in 1996. Well discuss whether the strong dollar and the commodity drop could actually delay a fed rate hike. Oil just closing below 50 a barrel. Well start, though first with the tech sector. Getting hit the hardest today after apple and others reported disappointing Quarterly Results yesterday. Apple and microsoft are the bottom performers on the dow. Yeah we had those two plus go pro and yahoo. Theyre all down today. And go pro now has turned positive. It got slammed hard initially after reporte
Just heart breaking evening in the Central Valley as Family Friends gather to remember the 5 victims of the modest to massacre. That as we learn more tonight about the man police say committed the murders. Good evening. Im in forum may. Hundreds held a vigil for the victims dr. Amanda cruz, 2 of her children and another young relative plus the suspect own mother. We have learned the suspect martinez of san jose was already the subject of homicide investigation. We have Team Coverage tonight. We begin with alan who is live in modest to with new details. Alan . Steady stream of people have been streaming by here to pay their respects here tonight. Among them the exhusband and father of 2 of the victims. I spoke with him off camp rapidp he shared a video of his daughter with us. This was my last day with her. This is tim ripley 6yearold daughter elizabeth one weak before she was found dead in her modest to home with 4 others. Police arrested 30yearold Martin Martinez for the murder of rip
And heros welcome. The superstar surfer returns home overnight after that shark scare. Now a worldwide phenomenon. He opens up about that Close Encounter to friends and family joking about why he was targeted. I had fish the night before. Maybe thats why. As the internet goes into overdrive with its new hero. Im glad he can joke about a shark attack right now. But were all going to have to get into the water to escape this heat. Im telling you. Well begin with the sizzling heat. Millions of americans in ten states from texas to virginia under heat warnings and advisories. It was the hottest day of the year in major cities across the northeast. And temperatures could top 90 degrees again. Ginger, where else would she be but outside in the heat for us this morning. Good morning, ginger. Oh, good morning to you, robin. This is supposed to be the hottest time of year, and, boy, is it turning out to be. Already in the low 80s this morning. Thats one of the issues. The temperatures are not d
Deported back to mexico five times. San franciscos sanctuary city policy prevented him from being deported once more. The immigration system didnt work fro detective against him. Weve got to figure out how, and why, and deal with it. Amy steinle found other families telling the same heart breaking story. There should be more communication between local and state governments to keep our streets safe. Critics saying immigration policies should be designed to prevent crimes rather than encourage them. I pray we avoid criminalizing entire communities but actions committed by a small number of individuals an ongoing debate. And jim steinle will testify before a house immigration subcommittee thursday, and will be meeting with lawmakers over the next several days live tonight in washington, d. C. , chris nguyen abc7 news. My son was killed by an illegal alien in 2010. Tensions continue to run high after the hearing. Don rosenberg whose son was killed was handcuffed after yelling at the rever