To the president's promise of aid for Gaza and
a warning about potential violence here in the US.
Mortgage rates jumped to 8%. Why they are at the highest in over two decades.
Please
are very beautiful.
We never know when the big one will hit,
how you can prepare for an earthquake right now.
And yet again, this morning, we're dealing with dense fog across San Diego County.
This is a live look outside, very gray out there.
We'll talk about the hot temperatures we can expect by the afternoon.
You're watching CBS eight mornings at six.
President Biden is set to address the nation
tonight to discuss the Israeli Hamas war.
So glad you're with us here at 6 a.m. Everyone. I'm Eric Connor
and I'm Nada Iranpour
this morning,
the president is back in the US after a visit to
Israel to show support after the deadly attack by Hamas.
And now 400 people in Israel were killed in that attack, including 31 Americans.
Officials in Gaza say nearly 3500 Palestinians have been killed by Israeli
air strikes after that attack,
President Biden announced $100 million in humanitarian assistance
for civilians in Gaza and the West Bank.
But some critics like Florida, Governor Ron
desantis are calling the money a quote gift for
Hamas since the militant group governs the Gaza strip.
Meantime,
Israel's Prime Minister announced the country will no longer prevent aid
from entering into Gaza through Egypt cbs's John Lawrence has the latest
as pro Israeli and pro Palestinian rallies are held separately in the US.
Gaza is about to get some much needed assistance. I got
no push
back.
Virtually none.
Let me say it again.
I got no pushback from the Israelis or from every all the partners here.
All the partners.
The Biden White House has earmarked $100 million worth
of support for Gaza and the West Bank.
I was very blunt about the need
to support
getting humanitarian aid
to Gaza
and
the funds will be used to support the
more than 1 million people who have been displaced
since the start of the war between Israel and Hamas material has to get in
to Gaza medicine and food and fuel.
Fuel by the way, is not just for the civilian population,
it powers things like desalination plants that help provide water.
Israel says it will eradicate Hamas after the militant
group's attack on an Israeli music festival earlier this month
that killed 1400 people
while Palestinian officials are blaming Israel for Tuesday's
deadly blast on a hospital in Gaza.
I went into the building and suddenly heard strikes. Many of my friends were killed.
A spokesperson for the Israel defense forces and us.
Government officials both believe Palestinian Islamic Jihad is to
blame for the hospital attack which the group denies.
I'm John Lawrence reporting.
Well, this morning, homeland security and the FBI are warning
that the fighting between Israel and Hamas has led to increased
threats against Jewish and Muslim communities here in the US.
They are warning law enforcement to be on alert.
Coming up here in just a few minutes,
we will verify if Hamas actually set up training camps across the Mexican border.
And now here in San Diego,
people showed their support for Israelis and
for Palestinians in two separate events.
You're looking at them here, the Jewish community held a car rally in Mira
Mesa while a vigil was held in Balboa Park for those in Gaza last night
here to show support and most importantly,
raise awareness that there are almost 200 people that are kidnapped,
including 14 Americans and international citizens.
This is our way to give voice to over
200 people that were kidnapped and lost their voice
here tonight. Want to honor
the
over 500 Palestinians in Gaza who were murdered by the bombing of the hospital.
And over the last nine days,
we have seen over 4000 Palestinians killed with over 1000 of those being Children.
Now both sides agree to keep doing what they can here at home to draw awareness
this morning. A man is now in custody accused of a fatal shooting in
Chul
Vista. Police say 20 year old Kai
Espinoza shot two people in a jeep killing one of them.
It happened at the Brentwood Park mobile home community on Tuesday night.
Officers say the victims flagged them down at
the intersection of Broadway and Palomar Street.
One victim was a 17 year old boy, the other a 21 year old man who died from his injuries.
Investigators identified the suspect as Espinoza who
lives in the mobile home community.
He turned himself in yesterday afternoon.
Well, if you're looking to buy a home,
we have some important information for you here this morning.
Mortgage rates are now at 8%. 8.
Well, that's the highest rates have been since August of the year 2023 years ago.
CBS eight
Regina. You
working for your wallet this morning?
She's been crunching numbers finding out how much it
would cost to own a home in San Diego,
Regina. What you find out?
Well,
me and Eric, we
Golden Hills and we've noticed so many beautiful houses.
So I wouldn't be surprised if there's drivers
here wondering the same question that I'm asking.
Should we still buy a home or can we? Well, there's a couple things to consider.
I'm going to walk you through it. So,
yes, mortgage rates have jumped this year,
partly because the Federal Reserve raised its benchmark rate
several times in an attempt to cool inflation.
Economists say higher borrowing costs paired with elevated prices have also
made home buying unaffordable for a large portion of buyers.
They also say higher mortgage rates have
contributed to the decline in mortgage applications
and home sales.
So many sellers have withdrawn from the market and it's bringing concern
for families who feel they won't qualify to buy a home,
especially as median home prices remain pretty high
Here in San Diego, the jump comes at the
time that America's finest city has been ranked the third city to
have the least affordable housing while working in higher paying jobs.
That's according to lending tree. So here's a graphic to break things down for you.
They show that the median earnings in the
highest paying occupation group is close to $106,202.
With the median home value being $846,600.
The calculated monthly more
payment for the median value home is $4856.
And the affordable mortgage payment for someone with median earnings
in areas with the highest paying occupation group is $2478.
The difference between affordable monthly payment and the
calculated monthly mortgage payment is over 2300.
So that's more than what workers in
the highest paying occupation groups could comfortably afford
in their study.
Lendingtree calculated affordable mortgage payments based on the 28% rule
and suggests that borrowers should spend no more than 28%
of their gross monthly income on their monthly mortgage payments.
Now, back here live, I know it's a lot to take in.
We were working with a lot of numbers, but I kind of say with mortgage rates jumping,
it has left a lot of room for negotiations when it comes to home prices.
So even if they, they're not posted at such price you could negotiate for now.
I live in Golden Hills, Regina
that CBS
Regina. Thank you. And we're working for you here this morning.
Looking into the help that's available.
If you want to buy your first home,
a state program that offers loan assistance for people
with low and moderate income is coming back.
Here's the details. The dream for all program ran out of money very quickly.
When it rolled out earlier.
This year, it provides a loan for 20% of the home purchase price.
You have to pay back the original
amount plus 20% of any appreciation in the value of your home.
The state says the program will return next year.
They will provide a timeline later this month.
Now this time,
they plan to have a lottery for applications
instead of being first come first serve,
you can find more information on the state program as well as city and
county programs in San Diego under the help button at CBS eight dot com
and now take a look at what happened here.
This video showing the moments a liquor store started shaking.
Now this was during a 4.2 magnitude earthquake near Sacramento, the small town of
Eton right along the river. So you can kind of see it here.
The bottles on the shelves were shaking.
The quake did not cause any major damage or any injuries that quake happened though.
Head of today's great California shakeout drill.
So today people all across the state will drop, take cover,
hold on for one minute at 10, 19 this morning.
It's also a good reminder to have an earthquake prepared.
This kid with medication and important documents.
We do have a link to all the information you'll need from the county
at CBS A dot com under the help button.
So yeah, the key would be
to stop, take cover and hold on.
Uh, also this morning you may run into some fog on your way to wherever you're headed.
This was a tough drive. I'm not gonna lie to
try to see what exit I need to take
when it's uh super foggy like this.
I always feel like you just stay in the right lane because
you never know when your exit is just gonna pop up.
You can hardly see that far in front of you.
It is, uh,
you could tell just from this view it's socked
in and the downside is it's still dark outside.
So I'll have another about
45 minutes or so before we really start to see, uh,
some of that sun peak through and we're not gonna see much of the
sun peak through because of how socked in we are along the coast.
If you're not along the coast, if you're inland or across the mountains, deserts,
hey, you should enjoy a pretty clear view of, uh, the morning.
However, we do still have at least a few passing clouds out there.
Temperature differentiation between the coastline versus year. Inland valleys.
About a 10 degree difference is mostly what we're gonna be picking up on.
So pretty warm out there for the mountains at 89 101 for the deserts.
Here's visibility two miles of it. In Carlsbad, you get farther south down to
San Diego and Imperial Beach. We're at less than a mile of visibility.
So that's where the majority of trouble is located,
but it is a county wide issue along the coastline.
The farther you inland,
the better opportunity you're gonna have again for that sunshine.
That dense fog advisory remains through 9 a.m. today.
Heat advisory that is going to take effect at 10 a.m.
lasts only through 8 p.m. So it's exclusive to today.
Tomorrow is gonna be another hot day out there. Good opportunity that tomorrow
we'll either see that heat advisory reissued or
just extended at one point during the day.
Today. Wider look of southern California
shows this is an issue.
We are all seeing the gray, the orange that is dense fog and heat.
So dense fog for the morning heat. By the afternoon live. Look from Mount
Soledad. You can make out those clouds hugging the ground.
Let's take a look at your border.
Wait times outside 6 11 on the clock right now at the San Ysidro port of entry.
We are right now looking at 100 and 10 minute wait o time, Mesa 75 minute,
wait out there.
Back to you too.
All right, still ahead. Did Hamas train along the US Mexico border?
We will verify that. Plus a lump is not the only sign of breast cancer.
We'll show you what else to watch out for
in cursive makes a comeback in California. We share what you think.