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Nearly a third of Americans expect mortgage rates to fall in 2024
In a positive sign for the housing market, a growing number of consumers think mortgage rates are likely to decline this year.
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In a positive sign for the housing market, a growing number of consumers think mortgage rates are likely to decline this year.
Will mortgage rates drop and home prices finally fall in 2024? Chen Zhao, who leads the economics team at Redfin, shares some early predictions for the housing market in 2024.
Sky-high mortgage rates that scared off some potential home-buyers this year are slowly starting to drop. Rates are now at their lowest level since June after hitting a 23-year high in October. Greg McBride, chief financial analyst at Bankrate, joined CBS News to discuss how much lower rates might go.
Mortgage rates are edging down from their highest level in 23 years as inflation around the U.S. continues to cool.
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.
Many homeowners are struggling to keep up with their mortgage payments amid rising costs and high inflation. Here's how to catch up.
Deciding on an adjustable-rate mortgage boils down to how long you plan to own a property and if your income is stable.
With mortgage rates topping 8%, some home buyers are hoping to see some relief with the Federal Reserve's next decision.
Buying a home is now 52% more expensive than renting, a financial gap that is larger than during the 2006 housing bubble.
The average rate for a 30-year home loan crossed the 8% threshold this week, deepening the affordability crisis for homebuyers.
The climbing interest rates may be keeping prospective home buyers from moving from places they may not necessarily want to live in. Felix Salmon, chief financial correspondent for Axios, joins CBS News with more.
The lack of housing supply in the United States is related to the ongoing spikes in interest rates. Mark Hamrick, a senior economic analyst for Bankrate, joins CBS News to explain the mortgage "lock-in effect," which may be keeping homes off the market.
The average interest rate on a typical mortgage is now 7.49%, worsening the nation's housing affordability crunch.
Existing home sales fell almost 1% in August and were down about 15% over the past year, according to new data from the National Association of Realtors. Aarthi Swaminathan, personal finance reporter for MarketWatch, joined CBS News to discuss the numbers.
With mortgage rates hovering above 7% for five straight weeks, prospective buyers are facing a housing shortage as would-be sellers seek to keep their low, locked-in rates. Nancy Chen has details.
Although some Wall Street analysts think mortgage rates may have peaked, they don't expect a sharp drop in home loan costs.
For decades, one of the draws to moving to the suburbs included renting a place for less than what you'd find in the city. But that may not be the case for much longer as the gap between the two is steadily shrinking.
Interest rates for a home loan are continuing to soar, driving many aspiring property owners out of the market.
Fed signaled it might raise its benchmark rate before year's end, which may catapult mortgage rates even higher.
A couple of factors are at play in the rising rates which continue to remain steep despite fluctuations.
In its ongoing effort to tamp down inflation, the Federal Reserve on Wednesday raised its key interest rate a quarter-point to 5.5%, the highest level it has been in 22 years. Carter Evans examines the impact of the Fed's rate hikes.
More and more Americans are seeing their loan applications rejected. The Federal Reserve Bank of New York reported that rejection rates are up for many loans -- including mortgages, auto loans and credit cards. John Vivian, senior director of finance consulting firm Potomac Global Partners, joins CBS News to help make sense of the lending landscape.
Potential homebuyers need to consider the total cost of a home, including mortgage rates, property insurance, property taxes and maintenance.
Some real estate experts say that in the current financial climate, renting a home in the U.S. may be more financially responsible than buying one, due to a variety of factors, including mortgage rates and maintenance costs. Carter Evans has details.
The Biden administration announced in April a new rule that expands Title IX's protections to LGBTQ students.
The Medal of Honor is the nation's highest military award for bravery in combat, and the Presidential Medal of Freedom is the highest civilian honor.
In North Carolina, Harris took note of falling inflation but added, "Still, we know that many Americans don't yet feel that progress in their daily lives."
"I'm going to give him a taste of his own conduct," said the former mayor of San Francisco.
U.S. assessments are that Iran will not seek to disrupt ongoing cease-fire negotiations in Doha aimed at ending the Hamas-Israel war.
The landscape is changing radically for Americans buying and selling property, as well as for real estate agents.
Judge Kenneth King is ordered to attend training "to address the underlying issues that contributed to this incident," according to 36th District Court Chief Judge William McConico.
"There's no doubt that control of the House runs through New York and runs specifically through the Hudson Valley," said New York Democratic Rep. Pat Ryan.
Former President Donald Trump also disclosed more than $100 million in liabilities for recent legal cases.
"I'm going to give him a taste of his own conduct," said the former mayor of San Francisco.
It marked the first-ever well-preserved mastodon skull excavated in Iowa, state officials said.
When a barefoot woman boarded Jayne Arendt-Verhelst's bus in Minneapolis, she immediately took the shoes off her own feet and gave them to the passenger.
The Biden administration announced in April a new rule that expands Title IX's protections to LGBTQ students.
A U.S. district judge said in her ruling that FuboTV was likely to be successful in proving that the joint venture would violate antitrust laws.
A U.S. district judge said in her ruling that FuboTV was likely to be successful in proving that the joint venture would violate antitrust laws.
Former President Donald Trump also disclosed more than $100 million in liabilities for recent legal cases.
The landscape is changing radically for Americans buying and selling property, as well as for real estate agents.
Should I freeze my credit? Here's what experts say, and how to stop bad actors from accessing your file.
Parents and other caregivers urged to stop using loungers linked to 5 fatalities and an infant bed tied to 1 death.
"I'm going to give him a taste of his own conduct," said the former mayor of San Francisco.
The Biden administration announced in April a new rule that expands Title IX's protections to LGBTQ students.
The Medal of Honor is the nation's highest military award for bravery in combat, and the Presidential Medal of Freedom is the highest civilian honor.
Former President Donald Trump also disclosed more than $100 million in liabilities for recent legal cases.
"There's no doubt that control of the House runs through New York and runs specifically through the Hudson Valley," said New York Democratic Rep. Pat Ryan.
Alternatives to the often dreaded pap smear may be on the way for cervical cancer screenings. Here's what to know.
Massachusetts Gov. Maura Healey has announced a plan to save five Steward hospitals from closure.
Philadelphia singer Jessy Kyle created a new bra inspired by her medical journey, which included a heart attack and kidney transplant.
Parents and other caregivers urged to stop using loungers linked to 5 fatalities and an infant bed tied to 1 death.
ABC News Australia's Nate Byrne is being praised both for how he handled the on-air panic attack as well as the visibility he's bringing to mental health.
A 19-year-old giant panda named Ying Ying has given birth to twins, becoming the oldest known first-time panda mom.
The Butler County native has been in Russian prison since 2021.
The HMS Hawke was torpedoed by a German U-boat on October 15, 1913. Just 70 sailors survived.
Chinese-based tour operators said North Korea will soon allow visitors to the mountainous northern city of Samjiyon.
The woman was found dead "because of being constricted and bitten by the snake," a police spokesman said.
Jools Lebron is taking TikTok by storm with her "demure" videos, transforming a simple word into a powerful statement on confidence and mindfulness. We looked into the trend.
Jools Lebron's viral TikTok videos have given new meaning to the word "demure." We break down what it means.
Academy Award-nominated actor Elliot Page and actress Hillary Baack star in the heartfelt film "Close to You," exploring themes of love, identity and the challenges of returning home.
Taylor Swift kicked off the latest leg of her record-breaking Eras Tour on Thursday, her first performance since canceling three shows in Vienna due to an alleged terror plot from ISIS. While Swift did not address the plot or cancellations, heightened security measures were in place.
Following a nine-month investigation into the death of "Friends" star Matthew Perry, five people, including two doctors, one of his assistants and an alleged drug dealer, have been criminally charged.
Should I freeze my credit? Here's what experts say, and how to stop bad actors from accessing your file.
Artificial intelligence and misinformation remain a threat this election year. So how can you spot what's real and what's not? Darren Linvill, co-director of the Media Forensics Hub at Clemson University, joins CBS News with tips.
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.
Iran has launched a sweeping, months-long cyberattack targeting both the Democratic and Republican presidential campaigns, according to a new report by Google. Nicole Sganga has details.
Staring at an iPad screen too much may keep little kids from learning to control their emotions, a new study finds.
There are hundreds of data centers across the U.S., most of which are run by big tech firms, and their seemingly endless rows of servers are consuming huge amounts of electricity. Ben Tracy takes a look at how one of those companies, Google, is turning to renewable energy sources to power them.
Hurricane Ernesto is gaining strength in the Caribbean after drenching Puerto Rico and the U.S. Virgin Islands. Now the storm is moving north into the Atlantic, where it's expected to continue strengthening as it heads toward Bermuda. CBS News national correspondent Manuel Bojorquez and WCBS chief weathercaster Lonnie Quinn have more.
On July 24, a burning car was pushed over an embankment in Chico, California. Within three days, it became one of the 10 largest wildfires in state history. Within nine days, it was among the top four. Still burning at over 429,000 acres, firefighters continue to tackle the historic blaze. Using data from Cal Fire, CBS News put together an animation to show just how quickly and far the flames have spread.
There are plenty of considerations for those interested in making the investment, according to industry experts.
Joro spiders have hearts that are able to withstand the loud and bustling noises of big cities, according to a study published on Monday.
Susan Lorincz, a White woman accused of killing her neighbor Ajike "A.J." Owens, a Black woman, during a dispute in Ocala, Florida, has been found guilty of manslaughter.
Susan Lorincz, 60, faces up to 30 years in prison at sentencing for the shooting death of her neighbor, Ajike "A.J." Owens.
Lisa Jeanine Findley, 53, faces federal charges of mail fraud and aggravated identity theft.
The manhunt for a convicted murderer who escaped from custody is over. Police found Ramone Alston early Friday morning at a hotel outside of Charlotte, North Carolina, more than a hundred miles from the Hillsborough hospital parking lot he ran from on Tuesday.
The escaped killer of a 1-year-old girl who fled from a medical transport van, Ramone Alston, was captured days later in a hotel in the Charlotte, N.C. suburb of Kannapolis, authorities said.
CBS News spoke with the astrophotographer behind the viral photo about his mission to drive people to look at the night sky before it changes "within the period of our lifetime."
Seventy-one days after launch, NASA finally nears a decision on whether Boeing's Starliner will return to Earth with, or without, a crew.
NASA held a press briefing Wednesday and announced a decision will be coming on how the Boeing Starlink capsule crew stuck at the International Space Station will proceed with their mission in space. CBS News' Lindsey Reiser has more.
The historic, privately financed space flight will carry humans above Earth's ice caps for the first time.
The Perseid meteor shower peaked in the night skies of Sunday into Monday, giving astronomy fans one of the best shows of 2024 as they looked to the skies.
Live performances are in full swing this summer. Scroll through our concert gallery, featuring pictures by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
A look at the evidence in "The Dexter Killer" case; plus, newly revealed letters from the man police say wanted to be like fictional serial killer Dexter Morgan.
A teenager's murder in Lowell, Massachusetts, goes unsolved for more than 40 years -- were the clues there all along?
The actor, recipient of a lifetime achievement Academy Award, was renowned for such films as "MASH," "Klute," "Don't Look Now," "Ordinary People," and "The Hunger Games."
On the day of his death, "Friends" star Matthew Perry was injected with three shots of ketamine by his personal assistant, Kenneth Iwamasa, according to a plea agreement Iwamasa reached with federal prosecutors. Perry had been introduced to the drug in a clinical setting to help treat depression, but investigators said he later turned to illegal sources. Adam Yamaguchi reports from Los Angeles.
When a barefoot woman boarded Jayne Arendt-Verhelst's bus in Minneapolis, she immediately took the shoes off her own feet and gave them to the passenger. Steve Hartman has the story in "On the Road."
New rules that will impact real estate agents, homebuyers and sellers will take effect this weekend as part of a groundbreaking antitrust settlement earlier this year. Under the new rules, it will now be standard practice to negotiate commissions with agents. Jo Ling Kent examines the changes.
A Florida jury returned a guilty verdict Friday in the trial of a White woman who fatally shot her Black neighbor last year. Prosecutors said the defendant, Susan Lorincz, had yelled at the victim's children while they were playing outside. When Ajike "A.J." Owens went over to confront Lorincz, she was killed. Mark Strassmann has details on the verdict.
The Democratic National Convention kicks off Monday in the Windy City, and security is tight as Chicago prepares for thousands of pro-Palestinian protesters. Ed O'Keefe has the latest.