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.
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The Average rate for 30-year fixed mortgage now stands at 6.44%, the lowest in 16 months, according to the Mortgage Bankers Association.
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.
The median mortgage payment jumped to a record $2,843 in April, up nearly 13% from a year ago, a new analysis finds.
The landmark deal, which goes into effect Saturday, could cause real estate fees to drop by as much as 30%, experts say.
The White House is proposing a "mortgage relief credit" that would give homebuyers an annual tax credit of $5,000 for two years.
Although home prices have continued to rise across much of the U.S., homeowners in some states saw their home equity shrink.
Eagle Mountain, founded in 1948, was a bustling company village for Kaiser Steel Mine until its closure in the '80s.
It's no secret that Southern California housing is not cheap. But how many jobs do you need to afford rent? Real estate website Zillow crunched the numbers -- and they are startling. Joy Benedict takes an exclusive look.
As we head into 2023, many real-estate experts predict the housing market will start to favor buyers.
The average long-term U.S. mortgage rate rose this week after falling for six straight weeks, adding to the challenges potential homebuyers face amid higher home prices and a limited supply of available houses.
The Cleveland, Ohio-based home was last bought on eBay in 2004, but has undergone a "massive renovation" since.
Surge in borrowing costs is pushing some buyers out of the market, while sellers face a quandary.
The average rate on a 30-year fixed-rate mortgage now sits at 6.92%, the highest it has been since 2002.
With interest rates rising another .75%, Southern California's once red-hot real estate market has calmed down. Jeff Nguyen reports.
As the ability to afford a home slips farther out of reach for many working people, California is using some of its budget surplus to help struggling home buyers with a new program that puts a down payment on the state's future.
Home prices are skyrocketing amid a shortage of properties — a crisis spreading to once-affordable towns across the U.S.
Josh Altman talked to Amy Johnson about his newest endeavor and what he's seeing in Southern California real estate trends.
CBS News Business Analyst Jill Schlesinger joined the studio to discuss the current house market, what to expect with rising rent prices and how to seek relief if available.
The Forgivable Equity Builder loan helps people who have not been able to save up a hefty down payment. Chris Holmstrom reports.
Eric Chavez, founder of Victoria Street Real Estate, talks to CBS2 News This Morning about how to navigate the real estate market.
The megamansion sold for less than a quarter of what developer Niles Niami once suggested would be over $500 million.
Here are the top news stories you might not have heard about this week.
At least one million of those must go to lower-income families.
To help address the state's housing shortage, California earlier this month passed Senate Bill 9, which allows homeowners to build multiple units on their lots.
The Southern California housing market was booming this summer, and now experts said it is cooling off in the fall. Some new homeowners have been luckier than others while still trying to navigate the pandemic.
On Dec. 18, 42-year-old Ricardo Villanueva was detained for an unrelated traffic violation by Van Nuys police officers, and Villanueva was recognized by the officers from a wanted flyer from Major Crimes Division Detectives.
Former "That '70s Show" actor Danny Masterson, who is serving a sentence of 30 years to life in prison, is seeking to overturn his conviction for the rape of two women, with his attorneys arguing he did not receive a fair trial.
Sherriff Robert Luna said that currently, 70% of the department's fleet is nonoperational due to maintenance challenges and parts availability.
A police pursuit in Rialto ended in a fatal crash after a driver collided with a wall.
Two California members of the Aryan Brotherhood prison gang were sentenced to consecutive life terms in prison for murder, racketeering and other crimes committed while incarcerated in a Sacramento-area prison.
On Dec. 18, 42-year-old Ricardo Villanueva was detained for an unrelated traffic violation by Van Nuys police officers, and Villanueva was recognized by the officers from a wanted flyer from Major Crimes Division Detectives.
Former "That '70s Show" actor Danny Masterson, who is serving a sentence of 30 years to life in prison, is seeking to overturn his conviction for the rape of two women, with his attorneys arguing he did not receive a fair trial.
Sherriff Robert Luna said that currently, 70% of the department's fleet is nonoperational due to maintenance challenges and parts availability.
A police pursuit in Rialto ended in a fatal crash after a driver collided with a wall.
Two California members of the Aryan Brotherhood prison gang were sentenced to consecutive life terms in prison for murder, racketeering and other crimes committed while incarcerated in a Sacramento-area prison.
On Dec. 18, 42-year-old Ricardo Villanueva was detained for an unrelated traffic violation by Van Nuys police officers, and Villanueva was recognized by the officers from a wanted flyer from Major Crimes Division Detectives.
Former "That '70s Show" actor Danny Masterson, who is serving a sentence of 30 years to life in prison, is seeking to overturn his conviction for the rape of two women, with his attorneys arguing he did not receive a fair trial.
Sherriff Robert Luna said that currently, 70% of the department's fleet is nonoperational due to maintenance challenges and parts availability.
A police pursuit in Rialto ended in a fatal crash after a driver collided with a wall.
A vehicle crashed into a medical building in Fullerton causing significant damage.
Holiday joy lit up the sky and water in Orange County as the Newport Beach Boat Parade started on Wednesday.
Johnny Anchondo led authorities on a wild pursuit through Orange and LA counties on Nov. 9, 2022, during which he crashed several times, rammed police cars and stole multiple vehicles.
The lawsuit alleged that a victim was abused by Michael Harris, a former priest and vice principal at Mater Dei in 1978.
The collision, which happened at the intersection of La Palma Avenue and Moody Street, left a woman in her 60s with fatal injuries, police said.
The suspect allegedly kidnapped at least two women, including a case where a woman was held captive for roughly two weeks.
Despite signs warning of trail closures on Mt. Baldy, locals say that some people seem to be ignoring the orders of the U.S. Forest Service for hikes.
Johnny Anchondo led authorities on a wild pursuit through Orange and LA counties on Nov. 9, 2022, during which he crashed several times, rammed police cars and stole multiple vehicles.
The officer was placed on leave after he was arrested for being in possession of obscene material relating to a juvenile.
Amazon workers at four California facilities joined their striking colleagues on the picket line Thursday morning after reaching a stalemate during labor negotiations.
With just over a week until Christmas, workers at four different Southern California Amazon warehouses may go on strike.
Is your recycled Starbucks cup ending up where you expected? A CBS News investigation says that it probably isn't.
While sometimes slow, the tracing system from the Bureau of Alcohol, Tobacco Firearms and Explosives played an instrumental role in helping law enforcement locate the man who opened fire inside a Monterey Park dance hall in 2022.
Following a deadly hijacking of a Metro bus, Ross Palombo digs through data about violence on the Metro system.
Ross Palombo goes over the crime statistics available for the Metro.
KCAL News investigates connection between Beverly Hills armed robbery and gun belonging to notorious police killer Christopher Dorner.
House Republicans are moving forward with a new plan to keep the government funded through the spring.
A California judge issued a restraining order Tuesday against a 20-year-old man who told FBI agents that he had been messaging with the Wisconsin shooter.
An attorney for Luigi Mangione, the suspect in the killing of UnitedHealthcare CEO Brian Thompson, says he will waive extradition at his hearing on Thursday.
The U.S. Environmental Protection Agency on Wednesday granted California its request to enforce vehicle emissions standards stricter than federal rules, including the state's ban on sales of new gasoline-powered cars.
A person in Louisiana has the first severe illness caused by bird flu in the U.S., the Centers for Disease Control and Prevention announced Wednesday.
House Republicans are moving forward with a new plan to keep the government funded through the spring.
The new goal is part of the Paris Agreement, under which member nations must update their emission cut targets every five years.
The 43-year-old heiress and actor has testified about her own experience as a teenager at treatment facilities.
The Supreme Court on Wednesday said it will take up a challenge to a new law that could lead to a ban on TikTok in the U.S.
Rep. Mike Waltz said President-elect Donald Trump has a good relationship with Hungarian Prime Minister Viktor Orbán, who he said also has ""regular engagement" with Russia amid its war with Ukraine.
Grocery giant Albertsons will pay nearly $4 million to settle a lawsuit accusing it of overcharging customers at hundreds of Albertsons, Safeway and Vons supermarkets.
A federal judge has blocked a new California law allowing any person to sue for damages over election deepfakes.
Californians with iPhones and Apple Watches will now be able to store digital versions of their driver's licenses and identification cards on their devices, state officials announced.
The authorization comes after a week-long voting period for the more than 6,000 Food4Less workers represented by the United Food and Commercial Workers Local union.
A string of recalls connected to Wisconsin-based supplier Schreiber Foods has now extended to Aldi stores after similar recalls at Hy-Vee and other grocery chains.
California Gov. Gavin Newsom issued an emergency proclamation on Wednesday in response to growing concerns over bird flu cases in the state and across the country.
Cases now reported in eight states related to Yu Shang Food products sold online and at stores nationwide, officials say.
Public health officials are urging residents and business owners to monitor their water sources after seven people reported contracting Legionnaire's Disease in recent days.
The first case in the U.S. of a more severe strain of mpox was reported in San Mateo County, the California Department of Public Health said.
The "Dawson's Creek" alum shared the news on Sunday and said that despite the diagnosis, there is "reason for optimism, and I'm feeling good."
The lawsuit contends that multiple food truck operators have created constant nuisance outside of the store in the form of congestion, trash generation and rudeness to store employees.
California Gov. Gavin Newsom announced Monday that the state would renew a rebate program for electric vehicles if the incoming Trump administration eliminates the current federal tax credit.
Avid coin collectors jumped at the chance to get their hands on a rare "double eagle" gold coin at a Southern California auction house.
Los Angeles County is taking on Pepsi and Coke for their role in plastic pollution.
Two more members of the Los Angeles Times editorial board have resigned after the newspaper's owner blocked its plan to endorse Democratic Vice President Kamala Harris for president.
Troy Terry scored the tiebreaking goal with 24 seconds left, and the Anaheim Ducks rallied late for a 3-2 victory over the NHL-leading Winnipeg Jets.
Hajj-Malik Williams passed for two touchdowns, Kylin James ran for another and No. 24 UNLV pulled away in the second half for a 24-13 victory over California in the LA Bowl on Wednesday night.
Chibuzo Agbo scored 23 points and Desmond Claude scored 21 points and USC distanced itself from Cal State Northridge in the second half beating the Matadors 90-69.
The Chicago White Sox have agreed to a $1.05-million, one-year contract with veteran right-hander Bryse Wilson and traded catcher Chuckie Robinson to the Los Angeles Angels for cash.
Everyone has a lucky number in Las Vegas.
Tory Lanaz, who is serving a 10-year prison sentence for shooting Megan Thee Stallion in the feet, is harassing her from prison through surrogates, the petition alleges.
A spokesperson for Foxx said that he had to get stitches after he was hit in the face by a glass thrown from someone else in the restaurant.
Sean "Diddy" Combs filed a motion Friday to dismiss his appeal for bail, meaning he will stay in jail until his trial on sex trafficking charges in May 2025.
Paula Abdul and former "American Idol" producer Nigel Lythgoe have agreed to settle a lawsuit in which she alleged he sexually assaulted her in the early 2000s when she was a judge on the show.
Jamie Foxx opened up about why he was hospitalized for several weeks in April 2023.
Traveling during the holiday season can be stressful but it doesn’t have to be. One of the key things to remember is to pack smarter, not harder. Packing cubes and backpacks that have extra storage can help make traveling much easier.
Lea Zora, Los Angeles Sentinel correspondent, shares this week’s news highlights: Leimert Park snow night, Inglewood chess club, and LACMA Black Diaspora exhibit.
"Nate Bargatze’s Nashville Christmas" show is bringing comedy and holiday cheer together. It will feature celebrity appearances and musical performances. It airs on CBS News Los Angeles on Dec. 19.
Los Angeles Police Department Chief Jim McDonnell shared his plan for increasing recruitment, dealing with immigration, and preparing for the 2028 Summer Olympics.
The winner of “Survivor 47,” Rachel Lamont, shared her experience on the show. She said keeping the exciting news from her family and friends was not easy.
The Franklin Fire in Malibu quickly grew overnight and threatened several homes. Evacuation orders were issued and Pepperdine University instructed students to shelter in place.
Several people have been injured and multiple homes burned after the Mountain Fire broke out Wednesday morning in Ventura County, burning over 10,000 acres within hours.
KCAL News Anchor and three-time Emmy award-winning journalist Chauncy Glover has died.
Los Angeles comes out to celebrate the Boys in Blue two days after winning the 2024 World Series.
The Los Angeles Dodgers are World Series champions after defeating the New York Yankees in game 5.
