Homebuyer programs help single mother close on first house
The City of Miami is offering a first-time homebuyer program, which is a zero-interest loan for those who meet the income requirements.
Watch CBS News
The City of Miami is offering a first-time homebuyer program, which is a zero-interest loan for those who meet the income requirements.
One day after the Federal Reserve lowered interest rates, CBS News Miami is exploring how the move can help you save money.
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.
Continued demand and lack of inventory are driving up the prices of homes at a time when mortgage rates are also climbing.
The median mortgage payment jumped to a record $2,843 in April, up nearly 13% from a year ago, a new analysis finds.
Inflation is moving sideways, remaining above 3% for the first three months of 2024. Here's how that could impact your finances.
Mortgage rates recently hit their highest levels in more than two decades, pricing many out of the market. Here's what to expect in 2024.
"Even places that historically have been affordable now need six figures," according to Redfin's chief economist.
The average interest rate on a typical mortgage is now 7.49%, worsening the nation's housing affordability crunch.
Mortgage rates have spiked during the Federal Reserve's historic rate-hiking campaign
After 10 straight interest-rate hikes, borrowers face sharply higher costs for credit cards, mortgages and other loans.
A little-known surcharge set to change on May 1 could impact consumers in different ways.
Buying a home has traditionally been seen as the smarter financial move. But is that still the case?
Beginning May 1, some people with higher credit scores may actually end up paying a higher fee.
As the spring homebuying season approaches, affordability is at its lowest point in history, one economist said.
Buyers are getting squeezed by higher real estate prices and soaring mortgage rates, which could force more out of the market.
Rising mortgage rates are shrinking the number of people who can afford to get a home loan.
Mortgage rates rose again this week topping 7% for the first time since 2002.
Surge in borrowing costs is pushing some buyers out of the market, while sellers face a quandary.
Some housing analysts expect interest rates for conventional home loans to hit double digits by early next year.
Interest rate on a typical 30-year mortgage rate has jumped by more than a quarter-point this week to 6.29%.
The gap between what it costs to rent and own has widened this year amid rising mortgage rates.
But sales of previously occupied homes have slowed sharply amid higher mortgage rates and rising prices.
People looking to buy a home or refinance their current mortgage are in luck. Mortgage rates have dropped again, and financial experts say the coronavirus is one of the reasons why.
Nick Silverio has become a beacon of hope for babies and mothers in crisis.
A disturbing discovery on a dirt road in Southwest Miami-Dade has led to the arrest of Roiniel Perez, who now faces five charges, including second-degree murder.
Miami-Dade police are investigating after a customer was shot at a tire shop Monday afternoon in Southwest Miami-Dade.
The Los Angeles Lakers will honor head coach Pat Riley, who won four titles during the team's "Showtime" era, with a statue outside of Crypto.com Arena.
Residents at one Brickell condo are grappling with a contentious $21 million special assessment for repairs to their buildings.
Nick Silverio has become a beacon of hope for babies and mothers in crisis.
A disturbing discovery on a dirt road in Southwest Miami-Dade has led to the arrest of Roiniel Perez, who now faces five charges, including second-degree murder.
Miami-Dade police are investigating after a customer was shot at a tire shop Monday afternoon in Southwest Miami-Dade.
The Los Angeles Lakers will honor head coach Pat Riley, who won four titles during the team's "Showtime" era, with a statue outside of Crypto.com Arena.
Residents at one Brickell condo are grappling with a contentious $21 million special assessment for repairs to their buildings.
Florida coach Billy Napier is getting a fourth season to try to get the Gators back to their winning ways.
A Florida man has filed a federal lawsuit against Jacksonville sheriff's officers who severely beat him last year after he ran from a traffic stop.
The Marion County Sheriff's deputy told authorities that he accidentally shot and killed his girlfriend while cleaning his gun.
The American Automobile Association said this is a dangerous time of year for young drivers.
Florida insurance companies made money last year for the first time in seven years.
President-elect Donald Trump's Cabinet and senior staff picks are facing an uncertain future as his selections received mixed reviews in recent days — and a handful sent shockwaves through Washington.
Mr. Biden has made addressing climate change a key part of his policy agenda.
As the nation prepares for a Trump presidency in which Republicans control both the House and the Senate, Jim interviews leaders on both sides of the political landscape.
Without mentioning President-elect Donald Trump's name, Chinese President Xi Jinping appeared to signal his concern that Trump's protectionist rhetoric on the campaign trail could send the U.S.-China relationship into another valley.
Democrats are sending persistent appeals to Harris supporters without expressly asking them to cover any potential debts, enticing would-be donors instead with other matters.
As the nation prepares for a Trump presidency in which Republicans control both the House and the Senate, Jim interviews leaders on both sides of the political landscape.
Jim interviews Rosanna "Rosie" Cordero-Stutz who was elected this week as the sheriff of Miami-Dade; and Jim talks to the executive director of the Florida Women's Freedom Coalition about what's next for abortion in Florida.
Jim and his guests focus on the early voting numbers we are seeing locally and statewide, specifically the impact the huge Republican turnout thus far might have once all the votes are counted.
Jim sits down with key stakeholders in some of Florida's most contentious ballot initiatives.
Jim DeFede speaks to two individuals on both sides of legalizing recreation marijuana with Amendment 3.
There is currently no cure for Parkinson's Disease. But some with Parkinson's are finding that an unusual therapy – rock climbing – is helping them improve their balance, mobility, strength and cognition.
The FDA's Dr. Peter Marks says he hopes to keep his job under a second Trump term, and urges Robert F. Kennedy Jr. to "keep an open mind."
U.S. Consumer Product Safety Commission issues urgent safety alert after ninth recall of adult bed rails in three years.
Overdose deaths have slowed 18% since a peak last year, the CDC estimates.
Illnesses linked to slivered onions on McDonald's Quarter Pounder burgers expand to 14 states, federal officials say.
These gifts from Stanley, Apple, AllTrails and more won't bust your budget.
From top-rated smart mugs to cold brew starter kits, we've rounded up the coffee lover presents to gift this Christmas.
Just in time for the holiday season, Nintendo has released Nintendo Switch bundles and special editions.
For that authentic grilling experience, you can't beat a charcoal grill. We've rounded up the best grill options.
Discover the best tech gifts during the 2024 holiday season that your friends and loved ones will absolutely adore.
Miami-Dade is considering four possible sites, including two that are 2 miles or less from the city of Miramar.
A viral TikTok recipe that includes melting Jolly Ranchers landed a 9-year-old in the hospital with severe burns.
The American Automobile Association said this is a dangerous time of year for young drivers.
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.
There are two sales tax holidays for hurricane supplies
With the release of part one of her new memoir, Cher talks about her relationship - on stage and off - with Sonny Bono, and why their TV partnership survived beyond their marriage.
Walk into any supermarket and you can usually buy a banana for less than $1.
A day after losing his highly-anticipated boxing match to Jake Paul, Mike Tyson wrote that "this is one of those situations when you lost but still won. I'm grateful for last night."
Sean "Diddy" Combs has tried to reach out to prospective witnesses and sway public opinion from jail in NYC to influence potential jurors in his sex trafficking trial, prosecutors say.
Betty White will be honored with a stamp in 2025, the U.S. Postal Service announced on Friday.