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
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