What drives home equity loan interest rates?

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. There are a few different factors that can impact the home equity borrowing rates you’re offered. Getty Images After years of home values ticking upward, most homeowners now have a valuable financial resource at their disposal: their home’s equity . Right now, the average homeowner has about $320,000 in home equity that can be tapped into at an affordable rate. That, in turn, has led home equity lending to become an attractive option for funding everything from major expenses to home improvements or even debt consolidation.  And, when you add in the fact that home equity borrowing rates are much lower than most other lending options, it’s easy to see why so many homeowners opt for this type of borrowing over credit cards and personal loans. But while home equity rates tend to be lower than the alternatives, the cost of borrowing against your home’s equity can vary significantly based on a range of factors, so it’s important to understand what drives these rates if you

E. coli outbreak linked to McDonald’s is over, CDC says

An E. coli outbreak linked to McDonald’s has ended, the Centers for Disease Control and Prevention said Tuesday. The outbreak sickened at least 104 people in 14 states, about a third of whom were hospitalized. One person, an 88-year-old man, died in Colorado . The total number of illnesses was likely much higher, according to the CDC.  The outbreak was announced on Oct. 22. It usually takes several weeks to determine if a sick person is part of an outbreak. The illnesses started on Sept. 12 and continued until Oct. 21. “The process to reach this point has at times felt long, challenging and uncertain,” McDonald’s said in a Tuesday statement. “But it is critical that public officials examine every possible angle, and we are deeply grateful that they moved quickly to identify and, in partnership with McDonald’s, contain the issue. We’d like to thank them once again.” Investigators determined the E. coli outbreak was linked to slivered onions on McDonald’s Quarter Pounder burgers. Taylor Farms, the onion distributor, initiated a recall in late October. McDonald’s initially removed Quarter Pounders from menus in several states

What is Hegseth’s strategy to win senators over ahead of confirmation hearings?

What is Hegseth’s strategy to win senators over ahead of confirmation hearings? – CBS News Watch CBS News CBS News’ Nikole Killion has asked Pete Hegseth, President-elect Donald Trump’s pick for secretary of defense, about the allegations made against him involving sexual and financial misconduct. Killion reports from Capitol Hill on his responses as a potential government shutdown looms. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On

Travel Tuesday offers big savings for those who missed Cyber Monday

What to know about Travel Tuesday deals What to know about Travel Tuesday deals 02:23 Cyber Monday may be over, but when it comes to saving money on travel the best deals are to be had the following day. Travel Tuesday, the lesser known of the post-Thanksgiving deal days, offers those planning a holiday vacation or trip a chance to save big on the price of their plane ticket, hotel or cruise.  “You will be wowed on Travel deal Tuesday,” Lyndsey Schwimmer, consumer travel expert at airfare tracking site Hopper, told CBS News’ Kris Van Cleave. “We see more deals on this day than on Black Friday and Cyber Monday combined.” Hopper is credited with observing the first Travel Tuesday in 2017. Since then, the discount day has grown in popularity among consumers. Over the last two years, it’s seen a five-fold jump in online searches, according to Hopper. The travel industry is taking notice as well.  “We see Black Friday, Cyber Monday, now Travel deal Tuesday,” Schwimmer said. “We’re seeing travel brands across the industry offer deep discounts on this day.” According to Hopper

Mega Millions jackpot soars to $541 million. Here’s how much the winner really gets

Without a Black Friday winner, the Mega Millions jackpot has grown to an estimated $541 million ahead of the next drawing. While the win would be nearly historic, the amount that the winner would take home would be much smaller. Mega Millions players have been watching the jackpot grow since September when a ticket sold in Texas landed an $800 million jackpot, the seventh-largest payout in the game’s history. At $541 million, the current jackpot ranks as the eleventh-largest, just $2 million behind a 2018 prize won in California. It’s also $9 million shy of the tenth-largest in game history, a spot currently held by a $552 million jackpot won in Illinois in June. Should you win, your payout could be vastly smaller than the advertised size. Southern California teen hits big lottery payout during concert road trip Large lottery prizes, like this Mega Millions jackpot, are subject to taxes, which vary depending on where you live. Whether you opt for the annuitized or cash prize (an estimated $258.4 million for Tuesday’s drawing), your local lottery is required to withhold 24% in federal taxes. With additional withholdings

Panda Express customers can get free merch when they purchase a meal: Here’s what you need to know

Panda Express is giving away limited-edition merchandise for one day only to celebrate National Food Comfort Day and its collaboration with AAPI-owned brand UPRISERS. On Thursday, Dec. 5, Panda Express customers who purchase a Panda plate at select locations across Southern California will receive a limited-edition Panda Sherpa Hoodie while supplies last. On Thursday, Dec. 5, Panda Express customers who purchase a Panda plate at select locations across Southern California will receive a limited-edition Panda Sherpa Hoodie while supplies last. (Panda Express/ UPRISERS) The offer is only redeemable in-store at select locations in Los Angeles, Orange, San Bernardino and San Diego counties. The complete list can be found here. The hoodie only comes in sizes medium and extra-large. Taco Bell adding photo booth experience to drive-thrus nationwide for a limited time The full Panda Express x UPRISERS Cozy Collection will be available on Thursday on the UPRISERS website while supplies last. The collection includes a zip-up Panda Sherpa Jacket, matching Sherpa Shorts, a long-sleeve t-shirt, crew socks, and a Panda bear blanket. 

Hit-and-run driver chased down by Good Samaritan in Inland Empire

A Good Samaritan chased down and led police to a reckless driving suspect who fled the scene of a crash that left a woman injured in Upland Monday night. The incident occurred as the suspect, who police said was unlicensed and uninsured, was speeding down Foothill Boulevard. The driver then crashed into a vehicle in front of him at a high rate of speed and caused that vehicle to veer into a tree, the Upland Police Department stated in a post on X. Police found a NOS tank inside the suspect’s vehicle on Dec. 2, 2024. (Upland Police Department) A hit-and-run suspect was arrested in Upland on Dec. 2, 2024. (Upland Police Department) The victim’s vehicle crashed into a tree on Dec. 2, 2024. (Upland Police Department) “The reckless driver pulled alongside the car he hit, saw that the female driver appeared to be injured, and quickly took off,” police said. Another motorist saw the crash and immediately chased the suspect, who pulled into an alley behind some nearby businesses, where officers arrived and arrested him. The unidentified suspect was arrested for felony hit-and-run causing

Audiard to Receive Directing Award at Palm Springs Fest

“Emilia Pérez” director Jacques Audiard will be given the Creative Impact in Directing Award at Variety’s Creative Impact Awards during the 2025 Palm Springs International Film Festival, the entertainment publication announced Tuesday. The announcement comes one week after PSIFF organizers announced the full festival lineup, which includes “Emilia Pérez” as one of two films in its featured “Talking Pictures” section. The musical debuted at the Cannes Film Festival, earning the Jury Prize and splitting the Best Actress Prize between four women in its ensemble. “Emilia Perez” made its theatrical debut in limited release on Nov. 1 and started streaming on Netflix on Nov. 13. Audiard will be honored on Jan. 4 alongside Jennifer Lopez, recipient of the Legend & Groundbreaker Award, as well as Variety’s annual class of 10 Directors to Watch, which this year includes names such as Malcolm Washington (“The Piano Lesson”) and Coralie Fargeat (“The Substance”). “From his Cesar Award-winning debut film, `See How They Fall,’ 30 years ago, writer-director Jacques Audiard has been at the forefront of international cinema,” Steven Gaydos, Variety’s executive vice president of content, said in a statement.

Arson Suspect Arrested in Connection with Burbank Fire

A person was detained Tuesday on suspicion of intentionally staring a small brush fire in the hills above Burbank that led to some voluntary evacuations. The fire was reported late Tuesday morning near Sunset Canyon and Orange Grove Drive, according to the Burbank Police Department. “One person has been detained in connection with this fire on suspicion of deliberately setting it.” police said in a statement on X. “The fire has burned less than five acres.” At about 11:30 a.m., police reported that the fire’s forward progress had been stopped by firefighters. The Los Angeles Fire Department’s Air Support personnel assisted in battling the flames.

Daniel Penny deadly chokehold trial jury deliberates

Daniel Penny deadly chokehold trial jury deliberates – CBS News Watch CBS News The jury is deliberating in Daniel Penny’s trial for the chokehold death of Jordan Neely on a New York City subway back in 2023. CBS News New York’s Christina Fan reports. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On

Biden doesn’t offer more on Hunter Biden pardon decision reversal

Biden doesn’t offer more on Hunter Biden pardon decision reversal – CBS News Watch CBS News President Biden did not offer more details on his reversal regarding a pardon for his son Hunter Biden. Zeke Miller, the chief White House correspondent for the Associated Press, joins CBS News with more on Mr. Biden as his Africa trip continues. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On

What we know about Trump’s plans on foreign policy, tariffs

What we know about Trump’s plans on foreign policy, tariffs – CBS News Watch CBS News Tariffs for countries sending goods to the U.S. still appear to be part of President-elect Donald Trump’s plans for his second term in the White House. CBS MoneyWatch correspondent Kelly O’Grady has more. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On

Suspected arsonist detained as brush fire prompts evacuations in Burbank

One person was detained Tuesday morning after a brush fire scorched several acres near a residential neighborhood in Burbank. The fire was first reported around 10 a.m. near the intersection of Via Montana and Country Club Drive in the Burbank Hills area. Firefighters attacked the blaze from the air and the ground, and homes along Country Club Drive were placed under voluntary evacuation warnings. Video from the Citizen App shows smoke billowing from a suspected arson fire in Burbank on Dec. 3, 22024. (Citizen App) The fire burned about 5 acres before forward progress was stopped around 11:30 a.m. According to the Burbank Police Department, one person was detained at the scene and is suspected of deliberately setting the blaze. That person’s name was not released and it’s unclear if they were arrested. Although forward progress had been stopped, officials said previously issued evacuation warnings would remain in place for several hours.

We’re all saying Daniel Craig’s name wrong

(NEXSTAR) — His name may no longer be “Bond, James Bond,” but former 007 Daniel Craig is setting the record straight about how to pronounce his name. This may come as a surprise, seeing as Craig’s name doesn’t seem all that odd. Nevertheless, the 56 year-old actor, currently starring in Luca Guadagnino’s latest film “Queer,” lightheartedly addressed the issue during an appearance on “The Late Show with Stephen Colbert” on Monday, Dec. 2. Taco Bell adding photo booth experience to drive-thrus nationwide for a limited time “I have a bone to pick with you,” Craig told Colbert. The actor then challenged the late-night host to “say my name.” When Colbert responded by pronouncing Craig’s surname like “Cray-g,” the actor responded, “Oh, now you’re doing it right.” According to Craig, Colbert had previously pronounced the surname as most Americans would: “Cregg.” Craig proceeded to explain that his surname contains a diphthong, which Merriam-Webster defines as “a gliding speech sound that starts at or near the articulatory position for one vowel and moves to or toward the position of another.” This image released by A24 shows Daniel

Universal Studios to host special event for New Year’s Eve

Universal Studios Hollywood is inviting guests to ring in the New Year with a nighttime event included in theme park admission. Eve at Universal Studios Hollywood will include live entertainment, themed photo opportunities, access to all rides and attractions and a midnight fireworks show to ring in 2025. Hello Kitty and Friends Café to open at Universal City Walk, first in L.A. The event begins at 9 p.m. on Dec. 31 and runs until 2 a.m. on Jan. 1, 2025. New Year’s Day also marks the end of Universal’s upcoming holiday festivities, meaning those who attend EVE will be the last to enjoy the park’s holiday season. More information about the event, including ticketing options, can be found here.

Morning Minute: Giving Tuesday and pet safety over the holidays

Good morning, Central Coast! Today is Tuesday, Dec. 3. Here’s a look at some of the headlines we’re following this morning in a one-minute read. It’s a bit of a foggy start to the day for our coastal valleys, but then it will clear out and warm up to the 60s and 70s across the region. Follow Meteorologist Vivian Rennie for more. Is your home pet-proofed for the holidays? In a story you’ll see first on Daybreak this morning, community reporter Juliet Lemar gets some tips from the Santa Barbara Humane Society. Tune in at 6:10 to learn how to keep your best friends safe. Today is Giving Tuesday. If you are planning to donate today, we hope you’ll consider the Season of Hope. We work with local food banks and toy agencies to collect and distribute food and toys to our neighbors in need. Visit this link to make a financial donation or find a drop-off location: https://www.ksby.com/marketplace/season-of-hope Later this morning, were expecting updates on the election results for races weve been following in our communities. Its been about a month since voters across

Kendrick Lamar and SZA set Grand National tour with two stops at Inglewood’s SoFi

For Kendrick Lamar, 2025 is shaping up to be a busy year — and a newly announced tour with SZA is his latest commitment. The “All the Stars” collaborators who recently reunited for Lamar’s new album “GNX” unveiled their Grand National tour Tuesday. The “Luther” duo’s tour debuts with an April 19 show in Minneapolis and will include two stops in Lamar’s native L.A., and a show in SZA’s hometown of St. Louis. Lamar and SZA will play two shows at Inglewood’s SoFi Stadium May 21 and 23. They will also perform at San Francisco’s Oracle Park on May 29 and will play St. Louis’ Dome at America’s Center on June 4 on the 19-stop road show. Lamar’s return to Inglewood will be another victory lap in the wake of his rap feud with Drake this year. The “Humble” artist will play SoFi Stadium a year after releasing “Not Like Us,” the scathing diss track that prompted fans to declare Lamar the winner of their sonic squabble. Earlier this year, Lamar also hosted his Juneteenth “Pop Out” celebration at Inglewood’s Kia Forum, where he played

Murderer escapes custody in Central California; search underway

Cesar Hernandez had been brought to the Kern County Superior Courthouse in Delano for a court appearance when he escaped Monday morning. (Google Maps) Law enforcement is looking for a convicted killer who escaped custody in Central California on Monday. Cesar Hernandez was being transported around 10:45 a.m. for a court appearance at the Kern County Superior Courthouse in Delano when he escaped, according to a California Department of Corrections and Rehabilitation news release. “Upon arrival, Hernandez evaded staff custody, jumped out of the van, and is currently at large,” the department statement said. At about 10:45 a.m., officials were transporting incarcerated person Cesar M. Hernandez to a court appearance. Upon arrival in Delano, Hernandez evaded staff custody, jumped out of the van, and is currently at large. (CDCR) Agents from the corrections department’s special services and investigative services units were searching for Hernandez with the assistance of the California Highway Patrol and police from Farland and Delano. Hernandez was sentenced to 25 years to life with the possibility of parole for first-degree murder, officials said. He was moved from L.A. County on June 27

Now that ‘Real Housewives’ star Heather Gay has left the Mormon church, she has a lot to say

On the Shelf ‘Good Time Girl’ By Heather GaySimon & Schuster: 288 pages, $30 If you buy books linked on our site, The Times may earn a commission from Bookshop.org , whose fees support independent bookstores. When a “Real Housewives of Salt Lake City” castmate first described Heather Gay as a “good time girl” who exposed her breasts while attending Brigham Young University, an insulted Gay insisted that couldn’t be further from the truth. She wished that was her reputation, but the name plagued her in the early days of the Bravo series and caused a rift with Lisa Barlow, the castmate describing her that way. (The pair are close now.) Some four years later, Gay has reclaimed the label that once irked her and titled her second book — a follow-up to her 2023 debut, “Bad Mormon” — “Good Time Girl,” out Dec. 3 via Gallery Books. In it, Gay, 50, reveals that she was always a “good time girl” on the inside, but her Mormon faith ultimately dimmed that light; she recounts vulnerable anecdotes about bedwetting, her ex-husband throwing out her CD cases

Cruise ship passenger, 72, suspected of falling overboard near San Francisco

A passenger is suspected of falling off the Ruby Princess early Monday. The U.S. Coast Guard was called in to help find the man, but has since called off the search. (Eric Risberg / Associated Press) A missing 72-year-old man is suspected to have gone overboard a cruise ship outside San Francisco early Monday, according to the cruise line and local authorities. It wasn’t immediately clear what led to the incident, but a spokesperson for Princess Cruises said its team had reviewed video footage from the ship and also had “searched thoroughly several times without success,” ruling out any other possibilities for the man’s whereabouts. The man, who wasn’t immediately identified, had been traveling alone on the Ruby Princess, which had departed from San Francisco on Nov. 27 for a five-day trip, according to Briana Latter, a Princess Cruises spokesperson. The ship was set to return to San Francisco just before 7 a.m. Monday after traveling to San Diego and Ensenada, Mexico. The man is believed to have gone overboard sometime early Monday before the ship docked, Latter said in a statement. “We extend our

Ex-ballerina convicted of killing husband gets 20 years in “Black Swan” case

Stunning details in “Black Swan murder” trial “48 Hours” reviews gripping testimony in “Black Swan” murder trial 03:41 A former ballerina was sentenced to 20 years in prison Tuesday in the 2020 shooting death of her estranged husband in Florida. CBS affiliate WTSP reports that Ashley Benefield was sentenced to 20 years, with credit for time served, followed by 10 years probation. The case, which became known as the “Black Swan murder” trial, garnered national attention, with some comparing Benefield to the protagonist of the 2010 film “Black Swan.”  The former ballerina was found guilty by a jury in July of manslaughter for shooting and killing her husband, Doug Benefield, in September 2020 after an argument. Ashley Benefield, 32, claimed that she killed her then-58-year-old estranged husband in self defense during an argument at her mother’s home, where she had moved from South Carolina after leaving him. Authorities said she shot him twice. “I just held the gun like in front of me and I said, stop, and he like turned and he got into this like almost like a fighting stance. He started like