Mortgage rates fall to lowest since April 2023. Here's where they're headed.
The Average rate for 30-year fixed mortgage now stands at 6.44%, the lowest in 16 months, according to the Mortgage Bankers Association.
Mortgage Rates
Here are the top zip codes for home sales, according to Realtor.com
Metros in the Midwest and Northeast stole the top slots on this year's list.
Powell signals interest rate cuts coming
Federal Reserve Chair Jerome Powell signaled Friday that the economy is ready for interest rate cuts, a move economists have been expecting will take place in September. CBS News contributor Javier E. David has more.
Mortgage rates starting to come down
Mortgage rates are finally starting to come down, which is giving some homeowners a bit of relief. But many looking to buy could still face unaffordable prices and a tight market. Elise Preston has more.
Mortgage rates tumble to lowest since April 2023 after weak jobs report
Homebuyers are getting some relief from high borrowing costs as mortgage rates sink on expectations the Federal Reserve will cut rates.
Zombie mortgages come back to haunt homeowners
Many so-called zombie mortgages date back to the 2008 financial crisis, and consumer advocates warn a new wave of zombies could be on the horizon — this time, from all the home equity credit lines taken out during the pandemic.
How zombie mortgages haunt homeowners
Zombie debt refers to long-forgotten or old debts that resurface, often with accumulated interest and fees, threatening the financial stability of unsuspecting homeowners and sometimes leading to foreclosures. CBS News national consumer correspondent Ash-har Quraishi reports.
California mom had no idea she owed thousands
Teresa modified her home mortgage back in 2009 during the financial crisis, and thought she was making payments on her second mortgage every month. She's discovered she's overdue on thousands of payments for this "zombie debt," and fears losing her home.
Man says zombie mortgage led to foreclosure
Jose Arzate of Santa Maria, California, says he was taken by surprise when sheriff's deputies evicted him. He says he never knew he owed tens of thousands of dollars in "zombie mortgage" debt.
Veteran could lose home due to zombie mortgage
Laverne Simmons of Inglewood, California, says she never got bills for a decade-old debt. Now this "zombie mortgage" could cost her the home she loves.
18 million Americans are house poor, new study shows
Millions of U.S. homeowners are spending more than 30% of their monthly income on housing. Here are the hardest hit states.
The state of inflation in the U.S.
There are some indications that prices are falling in some parts of the U.S. economy. This comes after the Federal Reserve's announcement to hold interest rates steady for now. CBS News contributor Javier E. David looks at some key economic indicators as inflation slows slightly.
Federal Reserve holds interest rates steady
The Federal Reserve is leaving interest rates unchanged for now as it awaits a more sustained period of declining inflation in the U.S. economy. CBS News contributors J.D. Durkin and Javier E. David break down the decision.
Mortgage closing fees are in the hot seat. Here's why feds are looking into them.
As home prices nationwide continue to climb, the federal government is looking into a recent spike in upfront costs associated with buying a house.
Home prices reach $387,600 record high, putting a damper on spring
Continued demand and lack of inventory are driving up the prices of homes at a time when mortgage rates are also climbing.
Will mortgage rates fall in 2024? Here's what Freddie Mac predicts.
Demand for buying a home will remain strong in 2024 even though mortgage rates have been around 7% this year.
Cost of buying a home in America reaches a new high, Redfin says
The median mortgage payment jumped to a record $2,843 in April, up nearly 13% from a year ago, a new analysis finds.
Tips for buying a home
Mortgage rates soared to their highest level of the year this week, according to Mortgage News Daily. Holden Lewis, a home and mortgage reporter for NerdWallet, joins CBS News with tips on buying a home.
Inflation is sticking around. Here's what that means for your money.
Inflation is moving sideways, remaining above 3% for the first three months of 2024. Here's how that could impact your finances.
Jobs grow in February, unemployment rises
The U.S. economy added 275,000 jobs in February and the unemployment rate unexpectedly rose to 3.9% from 3.7%, according to data released Friday. CBS News business analyst Jill Schlesinger and Daniel Zhao, a lead economist and senior manager at Glassdoor, join CBS News with a look at the numbers.
Here's what's making it so hard to buy a home in the U.S. these days
Aspiring homebuyers face one of the toughest markets in years, with one analyst pointing to a "toxic brews" chilling sales.
Home prices, mortgage rates remain high
While inflation has shown signs of cooling, mortgage rates and home prices are still stubbornly high, making it challenging for many Americans to buy homes. Elise Preston reports.
Mortgage rates expected to fall slightly
Mortgage rates are expected to fall slightly this year, according to real estate experts looking at the data. Jessica Lautz, the deputy chief economist and vice president of research at the National Association of REALTORS, joins CBS News to discuss if homeowners should refinance their mortgages.
Here's when experts think the Fed could start cutting interest rates
After a hotter-than-expected inflation report on Tuesday, economists now believe the Fed could postpone its first rate cut. Here's what to know.
High rents leave many financially stretched
While rents have been easing for the past few months nationwide, prices are still up significantly compared to before the pandemic, largely due to inflation. Providence, Rhode Island, saw one of the highest rent increases in the U.S. last year, and according to researchers, you need a salary of close to $83,000 to afford a two-bedroom apartment there. Nancy Chen reports.
Iran dangles investment proposals as off-ramp from Trump's gunboat diplomacy
President Trump has one bright red line for Iran's nuclear program and some areas of flexibility as he weighs military strikes or a possible deal in the coming days.
Former Prince Andrew arrested over Epstein files revelations
Andrew Mountbatten-Windsor, King Charles III's younger brother, has been arrested over suspected misconduct in public office after revelations in the Epstein files.
Eric Dane, "Grey's Anatomy" star diagnosed with ALS, dies at 53
In April 2025, Eric Dane announced he had been diagnosed with amyotrophic lateral sclerosis, or ALS.
Alysa Liu wins gold for U.S. in women's figure skating at Winter Olympics
Three figure skaters from Team USA competed in the women's individual free skate event at the Milan Cortina Winter Games.
Patel takes FBI jet to Italy, plans to watch Olympic hockey medal rounds, sources say
Patel took an FBI jet to Italy and plans to watch the Men's USA Olympic hockey team compete in the medal rounds, multiple sources said.
Trump tells Pentagon to release files on UFOs and "alien and extraterrestrial life"
President Trump directed his administration to release files on UFOs and any "alien and extraterrestrial life," an issue that has drawn decades of fascination — and spawned more than a few wild theories.
U.S. fighter jets intercept Russian warplanes off Alaskan coast
Two Russian Tu-95s bombers, two Su-35s fighter planes and an A-50 spy plane were detected in the Alaskan Air Defense Identification Zone, NORAD said.
Scores of U.S. warplanes head for key bases amid standoff with Iran
As Trump pressures Iran, he's spoken of an "armada" heading for the Mideast, but there's another massive movement of American fire power in the air.
NASA's new chief rebukes Boeing, space agency over problem-plagued Starliner mission
Astronauts Barry "Butch" Wilmore and Sunita Williams were expecting to spend eight to 10 days in space. They ended up remaining in orbit for 286 days.
U.S.
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U.S. fighter jets intercept Russian warplanes off Alaskan coast
Two Russian Tu-95s bombers, two Su-35s fighter planes and an A-50 spy plane were detected in the Alaskan Air Defense Identification Zone, NORAD said.
Eric Dane, "Grey's Anatomy" star diagnosed with ALS, dies at 53
In April 2025, Eric Dane announced he had been diagnosed with amyotrophic lateral sclerosis, or ALS.
Trump tells Pentagon to release files on UFOs and "alien and extraterrestrial life"
President Trump directed his administration to release files on UFOs and any "alien and extraterrestrial life," an issue that has drawn decades of fascination — and spawned more than a few wild theories.
California avalanche survivors tried to unbury their friends, official says
The avalanche, the deadliest in California history, killed at least eight people and left a ninth person missing.
Virginia Giuffre's family says U.S. government response to Epstein files is "shameful"
Andrew Mountbatten-Windsor was arrested Thursday for suspected misconduct in public office stemming from revelations in the Jeffrey Epstein files.
MoneyWatch
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Lawsuit against Amazon over suicides linked to chemical can go to trial
Four families whose loved ones died after consuming sodium nitrite allege that Amazon sold the product despite being aware it could be used for suicide.
How a U.S. strike on Iran could affect American drivers and borrowers
Oil prices could surge depending on the level of disruption from U.S. military strikes on Iran, Wall Street analysts say.
Olympians going for gold juggle day jobs to bring in some green
Olympians often hold down jobs to pay the bills, highlighting the financial challenges facing many athletes competing on the Olympic stage.
Judge scolds Mark Zuckerberg's team for wearing Meta glasses to trial
A Los Angeles judge ordered Meta officials to remove their AI glasses at a trial over the impact of social media on users.
Nissan recalls nearly 643,000 vehicles over engine and gear risks
Separate gear and engine problems with some Nissan Rogue compact SUVs can cause them to lose power, safety regulators warn.
Politics
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U.S. fighter jets intercept Russian warplanes off Alaskan coast
Two Russian Tu-95s bombers, two Su-35s fighter planes and an A-50 spy plane were detected in the Alaskan Air Defense Identification Zone, NORAD said.
Iran dangles investment proposals as off-ramp from Trump's gunboat diplomacy
President Trump has one bright red line for Iran's nuclear program and some areas of flexibility as he weighs military strikes or a possible deal in the coming days.
Trump tells Pentagon to release files on UFOs and "alien and extraterrestrial life"
President Trump directed his administration to release files on UFOs and any "alien and extraterrestrial life," an issue that has drawn decades of fascination — and spawned more than a few wild theories.
Virginia Giuffre's family says U.S. government response to Epstein files is "shameful"
Andrew Mountbatten-Windsor was arrested Thursday for suspected misconduct in public office stemming from revelations in the Jeffrey Epstein files.
New Mexico reopens investigation linked to Epstein's former Zorro Ranch
New Mexico's attorney general has reopened an investigation into allegations of illegal activity at Jeffrey Epstein's former Zorro Ranch.
HealthWatch
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Federal tax dollars subsidize health care plans in ways you may not realize
Critics have questioned why the federal government should underwrite coverage costs for people with ACA health plans — but almost all health insurance in the U.S. comes with some federal help.
NIH's Jay Bhattacharya will also serve as acting CDC director
The Centers for Disease Control and Prevention hasn't had a Senate confirmed director since last summer, and that official was in the job for less than a month.
Moderna says FDA to review its flu vaccine after reversing course
With the reversal from the FDA, Moderna said it is aiming to make the vaccine available for the 2026-27 flu season.
FDA investigating Salmonella outbreak connected to moringa powder
Rosabella-brand moringa capsules could be linked to Salmonella cases in seven U.S. states, health officials said.
Measles cases at university in Florida soar to nearly 60
Twenty one states in the U.S. have confirmed cases of measles.
World
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Virginia Giuffre's family says U.S. government response to Epstein files is "shameful"
Andrew Mountbatten-Windsor was arrested Thursday for suspected misconduct in public office stemming from revelations in the Jeffrey Epstein files.
Alysa Liu wins gold for U.S. in women's figure skating at Winter Olympics
Three figure skaters from Team USA competed in the women's individual free skate event at the Milan Cortina Winter Games.
Team USA wins gold over Canada in women's hockey overtime thriller at Winter Games
This was the seventh gold medal match — and fifth in a row — between the two hockey powerhouses.
U.S. speedskating star Jordan Stolz wins 3rd medal at Winter Olympics
Team USA speedskater Jordan Stolz came just short of his third Olympic gold on Thursday, taking silver in the men's 1,500-meter race.
Here's what's in the Epstein files about former Prince Andrew
Former Prince Andrew's arrest followed the release of a massive trove of Epstein files by the U.S. Justice Department that included a series of potentially incriminating documents related to his activities as trade envoy.
Entertainment
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Entertainment
Alarming AI video of Brad Pitt, Tom Cruise
A ByteDance AI-generated video that appears to show Brad Pitt and Tom Cruise in a fight scene has sent shock waves across Hollywood. Actor Sean Astin, the president of the SAG-AFTRA labor unions, joins CBS News with more.
Former winner on "Top Model" docuseries
Former "America's Next Top Model" contestant Eva Marcille, known as Eva Pigford on the show, joins "CBS Mornings" to discuss the new docuseries exploring the show's controversies. Marcille, the winner of season three in 2004, describes the shocking revelations she learned through watching the docuseries.
Druski on launching career and controversy
Druski speaks to "CBS Mornings" about how he rose to global fame after starting his comedy skits on Instagram in 2017 and some of the controversy in his work, including at the NFL Honors earlier this month.
Jon Taffer on "Bar Rescue" season premiere
Jon Taffer is debuting a new season of "Bar Rescue" on Paramount+, and he joined CBS News 24/7 Mornings with more on what to expect.
"Top Model" docuseries on show controversies
For 24 seasons, supermodel Tyra Banks promised young women the chance to become the next big name in fashion on the show "America's Next Top Model." In a new Netflix documentary, former contestants, judges and Banks herself revisit some of the more controversial episodes of the reality show that aired from 2003 to 2018.
Technology
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Technology
Social psychologist on social media addiction
One of the catalysts for the social media addiction debate was a 2024 book called "The Anxious Generation" by social psychologist Jonathan Haidt. His new book tries to help parents and kids break free from screens. Haidt joins CBS News to discuss Mark Zuckerberg, the ongoing social media addiction trial and artificial intelligence.
Judge scolds Mark Zuckerberg's team for wearing Meta glasses to trial
A Los Angeles judge ordered Meta officials to remove their AI glasses at a trial over the impact of social media on users.
How AI powered robots are helping small farms
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
Mark Zuckerberg grilled in court
Meta CEO Mark Zuckerberg took the stand at the social media addiction trial examining whether children and teens were given access to an addictive and harmful product. CBS News' Carter Evans reports.
Zuckerberg testifies at social media trial
Meta CEO Mark Zuckerberg testified Wednesday in a civil case over social media addiction allegations that skyrocketing social media use shows how people value the sites and it's not a strategy to keep users addicted. Jo Ling Kent reports.
Science
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In a first, shark seen on camera in Antarctica waters, surprising researchers
A large shark was caught on camera for the first time in Antarctica's waters, surprising researchers. "There's a general rule of thumb that you don't get sharks in Antarctica," one said.
How Washington's crossing of the Delaware presaged a changing world
On the evening of Christmas 1776, Gen. George Washington surprised the King's forces by leading the Continental Army in a surprise crossing of a near-frozen Delaware River - a watershed military maneuver that dramatized a changing America, and a changing climate.
These United States: George Washington and climate change
On the evening of Christmas 1776, Gen. George Washington surprised the King's forces by leading the Continental Army in an unanticipated crossing of a near-frozen Delaware River. Environmental correspondent David Schechter looks at how Washington's watershed military maneuver dramatized both a changing America, and a changing climate.
Impact of climate change on Winter Olympics
The Winter Olympics in Milan need artificial snow due to climate change and warmer weather. Athletes say man-made snow makes terrain more difficult and unpredictable. Rob Marciano reports on its impact.
Scientists "quite surprised" to find one polar bear population thriving
After decades monitoring polar bears in Norway's far north, researchers say the animals have proven incredibly adaptable, but there are no guarantees for the future.
Crime
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Crime
Virginia Giuffre's family on former Prince Andrew arrest
British authorities arrested the former Prince Andrew on Thursday over potential misconduct in public office after revelations in the Epstein files. Sky and Amanda Roberts, the brother and sister-in-law of survivor Virginia Giuffre, who died in 2025, join "The Takeout" to discuss.
Former Prince Andrew released from custody
Former Prince Andrew spent 11 hours in a British jail on Thursday as he faces an investigation for possible wrongdoing as a trade official after revelations in the Jeffrey Epstein files. CBS News senior foreign correspondent Imtiaz Tyab has more.
Trump reacts to former Prince Andrew's arrest
Andrew Mountbatten-Windsor, the former British prince, was arrested on Thursday over suspected misconduct in public office revealed in the Epstein files. CBS News London bureau chief Tina Kraus has the latest.
World reacts to former Prince Andrew's arrest
Former Prince Andrew's arrest for suspected misconduct in public office has rocked the U.K. Tom Symonds with BBC News, a CBS News partner, has more.
FBI in contact with Mexico on Guthrie case
The FBI is in touch with Mexican officials regarding the search for Nancu Guthrie, law enforcement sources tell CBS News. Andres Gutierrez reports.
Space
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Space
New NASA boss criticizes agency over Starliner
NASA's new boss blasted both Boeing and his own space agency for the botched Starliner flight that left two astronauts stuck in space for months.
NASA's new chief rebukes Boeing, space agency over problem-plagued Starliner mission
Astronauts Barry "Butch" Wilmore and Sunita Williams were expecting to spend eight to 10 days in space. They ended up remaining in orbit for 286 days.
Artemis II moon rocket refueled in practice countdown setting stage for historic flight
Engineers were able to fully fuel NASA's Artemis II moon rocket without any signs of leaks like the ones that derailed an earlier dress rehearsal.
Fresh crew arrives at International Space Station to boost numbers back to 7
The Crew 12 docking came one month after a previous crew had to return to Earth early due to a medical issue.
SpaceX launches crew to ISS
NASA and SpaceX launched a new mission to the International Space Station with four crew members on board to replace the team that returned last month due to a medical issue with one member. Mark Strassmann has more.
Latest Galleries
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Notable Deaths in 2026
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Evidence in the Barbara Kendhammer case
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
The life & near death of prizefighter Christy Salters-Martin
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Who is Alix Tichelman?
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Latest CBS News Videos
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Latest CBS News Videos
Extended interview: Andrew Yang
During the 2020 presidential race, Andrew Yang warned of the dangers of artificial intelligence long before it was on Washington, D.C.'s radar. He's out with a new book about his experience running for office, "Hey Yang, Where's My Thousand Bucks?", and joins "The Takeout" to discuss his views on the state of U.S. politics and AI.
Sources: Kash Patel takes FBI jet to Italy
FBI Director Kash Patel used an agency jet to fly to Italy with plans to attend the Olympic men's hockey games, sources say. CBS News senior Justice Department reporter Sarah Lynch has the latest.
Texas court hears appeal in midwife abortion case
A Texas court on Thursday heard a midwife's appeal in a civil lawsuit filed by Attorney General Ken Paxton, accusing her of violating the state's abortion ban. CBS News reporter Karen Hua has the details.
Virginia Giuffre's family on Epstein conspirators
The family of the late Virginia Giuffre is taking the arrest of former Prince Andrew as a victory, but says U.S. officials have not done enough when it comes to the Jeffrey Epstein files. Republican strategist Harrison Fields and Democratic influencer Carlos Eduardo Espina join to examine the potential political ramifications.
Team USA women's hockey team wins Olympic gold
The Team USA women's hockey team defeated Canada in a thriller to take Olympic gold Thursday, while Alysa Liu ended the U.S.'s two decade medal drought in figure skating . Kelly O'Grady is following all the Olympic action from Milan.