Sunland-Tujunga

Just as Los Angeles gets ranked the least affordable housing market, the Fed raises their rate.

I'm Abigail Velez, live in Tujunga, with what this means for homebuyers.

And a good Thursday morning to you, and thank you for staying with us.

It's 5.30. I'm Rachel Brown, here with Tony Cabrera.

Well, happening now, if you are looking to borrow money to buy a house, expect to pay more.

The Fed has raised interest rates for the first time in three years, and that is affecting everything from buying a house to credit card loans.

Eyewitness News reporter Abigail Velez is live in Tujunga.

And Abigail, some buyers could actually turn fear into opportunity with this, right?

I mean, there's parts of LA that don't have sidewalks, and it weirds me out.

Like, if you go to Sun Valley, like Tujunga area, there's-

Mm-hmm

...

Turn up Beverly Glen to the valley.

Rubenize to Sunland.

Down past the sanitarium on Foothill Boulevard to where you turn off on the Angeles Crest Highway.

A long drive, especially at one o'clock in the morning.

Where were you staying?

Sunland, Tujunga.

So it was the Eton fire that was kind of... slowly creeping towards us.

Everything was creeping.