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As the storm develops, snow levels are expected to drop through the rest of the week and snowfall rates could reach up to 2 inches an hour, according to the weather service. Up to 3 feet of powder ...
This is all due to the fact that the federal interest rate is not tied to mortgage rates, with different factors influencing if they go up or down. ... Don’t hold your breath for a major drop ...
The Fed has raised its target interest rate 11 times since March 2022, in an effort to bring down the rate of inflation to 2%. The current rate of 5.25% to 5.5% is its highest in 22 years.
A potent storm will drop southward along the Pacific coast and hit California hard with torrential rain, heavy snow and widespread travel disruptions late this week, AccuWeather meteorologists warn.
Landslides and fallen trees due to the heavy rain and high wind gusts destroyed and damaged many homes and closed roads throughout California. Bel-Air had a peak 24-hour rainfall of 12.42 inches (315 mm) which equates to a 380-year return interval (0.3%).Los Angeles had been incorporating elements of a stormwater harvesting design to retain the ...
The average 30-year fixed mortgage rate fell to 6.62% today, to its lowest level since May, after the Federal Reserve left interest rates unchanged and signaled three interest rate cuts next year.
For perspective, my current view is that just about any place in the "yellow or higher" areas on this topographic contour map of California (i.e., ~900-1000ft) has a decent shot at accumulating ...
Another winter storm hit Southern California this weekend, but it is expected to be milder than previous rain events. ... Snow levels could drop below an elevation of 5,000 feet above sea level ...