San Diego got soaked on Sunday as Tropical Storm Hilary raced through the county. In other news, the average mortgage rate in the United States is the highest it’s been in more than 20 years. Plus, we hear from a poet whose work reflects on the experience of refugee migration from Vietnam.
The worst of the tropical storm has passed through the county. More on that next. But first... let’s do the headlines….You may experience delays today, if you are driving on Interstate 8 between San Diego and Imperial counties.It happened as the tropical storm brought rain and wind to the region.The storm has also postponed the first day of school for the San Diego Unified School District.
“We need some time to assess any flooding, any downed trees. Any of the leaks that may occur from so much rain coming down in such a shortMost of the other school districts in the county have already begun classes for the fall…and expect to be back in session, this morning.Tijuana's little league all star baseball team, representing Mexico, crushed Canada yesterday 10 to 1 in the little league world series in south Williamsport Pennsylvania.
EM: Mortgage rates reached 7-point-1-percent late last week. The last time rates were that high was April 2002. SDSU Marketing Professor Miro Copic says that means that someone who puts down a 20-percent down payment and has a half a million dollar loan would pay about 560-thousand-dollars in interest over 30 years. That’s about 270-thousand-dollars more, compared to 20-21. But he told KPBS, the high rates make sense in today’s economy.
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