I dont think i can stress enough, like, how much help the island needs. And former president Donald Trumps lawyers propose delaying his federal election interference trial for almost two years after the 2024 election. We begin this morning with Breaking News. Hurricane hilary has rapidly intensified from a Tropical Storm into a category 4 hurricane as it barrels toward the southwestern u. S. , bringing winds up to 145 miles an hour. Right now, the hurricane is located 400 miles south of cabo san lucas. The Mexican Government says a weakened hilary could hit sunday night in baja, california, and has issued a hurricane warning. It is expected to hit mexico. 24 Million People across parts of california and nevada, utah and arizona are under flood watches. Hilary could mark the first Tropical Storm to hit Southern California in 84 years. I want to bring in nbc news meteorologist bill karins. Bill, good morning. How severe is this hurricane . Were going to talk about flooding in areas that
cavuto on this busy weekend for the present himself at camp david. the white house they are preparing for something very big come tuesday. for that we go to lucas tomlinson. neil, as you mentioned present biden s spending the weekend at camp david days ahead of the expected announcement is running for reelection officially this time out on tuesday. yesterday the white house did not want to talk about it. i m not going to talk about 2024 georgia look like part of not to talk about that from here. as a government employee federal law prohibits me from discussing campaign related topics from this podium. [inaudible] do not have anything to say about 2024. a new poll from the associated press says most people do not want biden to do it again. 73% of all adults in fact do not want to read again. 41% of democrats say they will definitely be voting for biden if he is the nominee. another 40% say though probably vote if he is the nominee. the rest what robert f kennedy jr. to b
but what this further reinforces is there is still a lot of demand for housing. what is interesting here, though, is the prices paid of a new home sales piece of data. that median price of a new house in america actually fell by 8.7% from the same time last year, that now stands at roughly $436,000. what it does indicate perhaps, jose, is that home building companies are looking towards things like discounts and incentives to get would be home buyers to sign on the dotted line. dominic chu, thank you very much, appreciate it. coming up, an emotional day at tennessee special session on gun safety legislation. several people that were there were kicked out of a committee hearing. we ll talk to one of the moms who was there, next. you re watching jose diaz-balart reports on msnbc. . you re watchg in jose diaz-balart reports on msnbc. (christina) with verizon business unlimited, i get 5g, truly unlimited data, and unlimited hotspot data. so, no matter what, i m running this kitchen.
this has put a damper on mortgage demands. rates are higher than they were at the historic lows that you mentioned in 2021. that s only part of the story. mortgages are there for purchases, for homes, right? those who want to refinance as well. to get into more attractive rates and terms. that refinancing demand has dried up. a lot of folks have mortgages at lower rates. the purchase demand is more nuanced. demand has dropped off, but there are signs that they are getting more accustom to this idea of relatively higher interest rates. demand for new home construction continues to be robust. investors have been pouring money into buying the stocks of home building companies. there s this tug-of-war going on in the market for existing homes and that of newly built homes. ult
at job for people with good credit for the former ceo of the mortgage bankers association says this is essentially subsidizes those with risky credit. it is a bad policy step it lacks integrity. and that is not how was make a house in policy should not include tinkering by a regulator for their own social or political purposes at a time like this. for example a person with a 625 fica score down payment of 5% if they one and three-quarter fee discount on a 30 year mortgage. but those with a score of 740 or above with 15 20% down will see an increase of 75% in fees from the current level. these supply to people of all income levels. as you have a high credit score you have to pay more? we are talking real money this could be $100 a month or more depending upon the size of your loan. makes no sense paper bill whose family found when the largest home building companies were a