Mortgage rates are shooting up again, raising homeownership costs
Average interest rate on a typical home loan is edging toward 7%, the highest level in seven months.
Mortgage Rates
Home prices fall across U.S.
According to Redfin, the median home sale price in April was down roughly 4% from last year. That's a decline of nearly $18,000. This follows record-high prices during the pandemic. James Rodriguez, a senior real estate reporter at Insider, joins CBS News to discuss.
Mortgage rates driving lower housing supply
Rising mortgage rates are leading to a reduction in homes on the market. Rachel Siegel, an economic policy reporter for The Washington Post, joins CBS News to discuss how this affects the economy.
Home sale prices decline in parts of U.S.
Nearly one-third of the U.S. has seen a drop in the price of homes for sale since the start of 2023. CBS News' Errol Barnett and Lana Zak are joined by Alcynna Lloyd, economy reporter for Insider, to discuss the trend.
How interest rate hikes affect debt, loans
The Federal Reserve increased its key interest rate by a quarter of a point Wednesday, the 10th straight hike since last March. Anita Hamilton, assistant managing editor at Barron's, joined CBS News' Vladimir Duthiers and Anne-Marie Green to discuss the effects of the hikes.
Mortgage fee structure 2023: Here's how it's changing
A little-known surcharge set to change on May 1 could impact consumers in different ways.
Rent vs. buy: Which makes more sense in this housing market?
Buying a home has traditionally been seen as the smarter financial move. But is that still the case?
U.S. house prices up in February
New data released by the Federal Housing Finance Agency shows U.S. home prices spiked by half a percent in the month of February. Optimal Capital director of portfolio strategy, Frances Stacy, joined CBS News' Vladimir Duthiers and Anne-Marie Green to discuss the reasons behind the surge.
Mortgage rates rise. housing market tight
Mortgage rates continue to rise as housing inventory remains scarce. CBS News' Elaine Quijano and Meg Oliver are joined by Akin Oyedele, the deputy editor for investing at Insider.
Vast majority of U.S. homes are unaffordable to the average buyer
As the spring homebuying season approaches, affordability is at its lowest point in history, one economist said.
Americans in their 30s struggle with debt
Americans in their 30s are struggling with mounting debt, surpassing other age groups, and rising interest rates are making it harder to pay the bills. CBS News' Tony Dokoupil and Lilia Luciano are joined by Yahoo Finance reporter Akiko Fujita.
Fed hikes interest rates by a quarter-point
As it continues efforts to combat inflation, the Federal Reserve on Wednesday increased interest rates by a quarter-point. In a statement, the Fed said that further hikes are likely.
Home sellers turn to "mortgage buydowns" as housing cools
Once-hot housing markets are cooling, requiring people to get creative to sell their homes.
Experts predict lower housing prices
Many real estate experts say they expect to see lower housing prices in 2023. CBS News' Tony Dokoupil and Lilia Luciano are joined by Kenny Simpson, mortgage adviser for The Simpson Team, to discuss the market trends.
Housing market forecast for 2023
Jason Lewris, the co-founder and head of Parcl Labs, joins CBS News to share his forecast for the 2023 housing market at the start of the new year.
Is it a good time to refinance your mortgage?
A growing number of homeowners are considering refinancing as mortgage rates begin to decline. Mike Fratantoni, chief economist at the Mortgage Bankers Association, joins CBS News' Lana Zak and Jim Axelrod to discuss the state of the housing market.
Mortgage rates take another dip
Mortgage rates drop for the fifth week in a row despite the Federal Reserve's recent interest rate hike. BancAlliance President Lori Bettinger joins CBS News Mornings to explain what's spurring the dip.
Jamie Dimon on Ukraine, China, homeownership and more
Jamie Dimon, the CEO of JPMorgan Chase, discusses the economic impact of Russia's war in Ukraine, China loosening its "zero COVID" policy, mortgage rates and more.
An alarming number of 2022 homebuyers are already underwater
Hundreds of thousands of homeowners who bought properties this year owe more than their homes are worth.
Home sales could plunge in 2023. These cities may see the worst.
Buyers are getting squeezed by higher real estate prices and soaring mortgage rates, which could force more out of the market.
Home sales decline for ninth straight month
U.S. home sales fell 5.9% in October, and have fallen 28.4% since last year, according to new numbers from the National Association of Realtors. Mark Lehmann, chief executive officer for JMP Securities joined CBS News to discuss the volatile state of the housing market and what potential homebuyers should expect for the near future.
Home sales are slumping badly as affordability remains a hurdle
Housing prices have fallen 32% this year, although they remain higher than before the pandemic.
Stock market falls as midterm results come in
The stock market fell more than 600 points on Wednesday, erasing Tuesday's gains. Managing Director of Wedbush, Dan Ives, joins CBS News to discuss the markets' reaction, the recent fall in demand for mortgages, and tomorrow's Consumer Price Index report.
High mortgage rates dampen home sales
Rising mortgage rates are shrinking the number of people who can afford to get a home loan.
High mortgage rates drive down home sales
Home sales across the country over the last eight months are down as the Federal Reserve raises interest rates. Rising mortgage rates are shrinking the number of people who can get a loan and buy a home. Lilia Luciano takes a look.
Russia warns of world war after Biden's decision on missiles for Ukraine
A Russian lawmaker calls President Biden's decision to let Ukraine fire U.S. missiles deep into Russia a "very big step toward the beginning" of a third world war.
Spirit Airlines files for bankruptcy
The budget carrier is trying to recover from the pandemic-caused swoon in travel and failed mergers.
"Everything as it was": Explore the bedrooms of kids killed in school shootings
The families of eight school shooting victims opened their doors to Steve Hartman and photographer Lou Bopp, allowing them to document their children's bedrooms.
Family of U.S. activist killed in West Bank still demanding answers
The sister of Aysenur Ezgi Eygi, an American activist killed in the Israeli-occupied West Bank, says her idealistic vision of the U.S. has been shattered.
Trump taps Musk-allied big tech critic Brendan Carr to head FCC
President-elect Donald Trump tapped Republican Brendan Carr, an Elon Musk-backed critic of big tech, to lead the FCC, calling Carr a "warrior for Free Speech."
Netflix says 60 million households watched Tyson-Paul match
The much-hyped fight pitting the 58-year-old Tyson against Paul, 27, shattered records but was marred by tech glitches.
U.S. regulators initiate 2 probes into Ford recalls, including 113,000 Ford SUVs
NHTSA unveils two investigations into recalls that may not have worked, just days after announcing civil fine against Ford for moving too slowly.
Scientists still identifying 9/11 victims' remains, giving answers to loved ones
The New York City Office of Chief Medical Examiner has pledged to continue efforts to identify 9/11 victims' remains for as long as there are families looking for answers.
Shootings along New Orleans parade route leave 2 dead, 10 wounded
Two people were killed and 10 wounded in two shootings along a New Orleans parade route and celebration attended by thousands, authorities said. There were no immediate arrests.
U.S.
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Netflix says 60 million households watched Tyson-Paul match
The much-hyped fight pitting the 58-year-old Tyson against Paul, 27, shattered records but was marred by tech glitches.
U.S. regulators initiate 2 probes into Ford recalls, including 113,000 Ford SUVs
NHTSA unveils two investigations into recalls that may not have worked, just days after announcing civil fine against Ford for moving too slowly.
$103,500 reward offered after protected Mexican wolf's death in Arizona
Government agencies are investigating the death of a Mexican gray wolf in Arizona. The animal is protected by the Endangered Species Act.
Shootings along New Orleans parade route leave 2 dead, 10 wounded
Two people were killed and 10 wounded in two shootings along a New Orleans parade route and celebration attended by thousands, authorities said. There were no immediate arrests.
Hegseth paid accuser but denies wrongdoing, attorney says
Trump has indicated that the revelations about the accuser and payment have not deterred him from Hegseth's selection as defense secretary.
MoneyWatch
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Netflix says 60 million households watched Tyson-Paul match
The much-hyped fight pitting the 58-year-old Tyson against Paul, 27, shattered records but was marred by tech glitches.
U.S. regulators initiate 2 probes into Ford recalls, including 113,000 Ford SUVs
NHTSA unveils two investigations into recalls that may not have worked, just days after announcing civil fine against Ford for moving too slowly.
Spirit Airlines files for bankruptcy
The budget carrier Spirit Airlines is trying to recover from the pandemic drop in travel and failed mergers.
Organic carrots recalled after E. coli outbreak. These are the brands impacted.
Grimmway Farms, which made and packaged the organic carrots, issued the recall on Saturday after nearly 40 cases were recorded in 18 states.
Trump's win could sharply raise the cost of electric vehicles. Here's why.
Americans looking to purchase EVs may want to do so quickly, as the incoming administration is likely to axe a $7,500 tax credit.
Politics
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Trump taps Musk-allied big tech critic Brendan Carr to head FCC
President-elect Donald Trump tapped Republican Brendan Carr, an Elon Musk-backed critic of big tech, to lead the FCC, calling Carr a "warrior for Free Speech."
Hegseth paid accuser but denies wrongdoing, attorney says
Trump has indicated that the revelations about the accuser and payment have not deterred him from Hegseth's selection as defense secretary.
Trump's controversial Cabinet and senior staff picks face uncertain future
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.
Birx says she is "excited" for data-driven discussions in RFK Jr.'s confirmation hearings
Dr. Deborah Birx, former White House Coronavirus response coordinator, said Sunday she is "excited" for the data on key health issues that will surface in Senate confirmation hearings for Robert F. Kennedy, Jr.
Full transcript of "Face the Nation with Margaret Brennan," Nov. 17, 2024
On this "Face the Nation with Margaret Brennan" broadcast, Sue Gordon and Dr. Deborah Birx join Margaret Brennan.
HealthWatch
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Combating Parkinson's with rock climbing
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.
Woman in Idaho abortion ban case shares her story
Kayla Smith, one of the plaintiffs in a lawsuit against Idaho's restrictive abortion ban, tells Nicole Valdez about "the most traumatic experience" of her life. She and five other women are suing the state to clarify and expand abortion exceptions.
U.S. health officials report 1st case of new form of mpox in a traveler
The person had traveled to eastern Africa and was treated in Northern California upon return, according to the California Department of Public Health.
This mom moved 9,000 miles seeking medical treatment for her son
A mother and son flew 9,000 miles to seek care for his spinal condition after they'd exhausted options in their home country.
What to know about RFK Jr.'s stances on key health issues
Robert F. Kennedy Jr., Trump's pick to lead the Department of Health and Human Services, has raised controversy on topics ranging from vaccines to fluoride to food.
World
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Family of U.S. activist killed in West Bank still demanding answers
The sister of Aysenur Ezgi Eygi, an American activist killed in the Israeli-occupied West Bank, says her idealistic vision of the U.S. has been shattered.
Russia warns of world war after Biden's decision on missiles for Ukraine
A Russian lawmaker calls President Biden's decision to let Ukraine fire U.S. missiles deep into Russia a "very big step toward the beginning" of a third world war.
Hologram used in bid to solve sex worker's cold case murder
Bernadett "Betty" Szabo, 19, was stabbed multiple times just months after giving birth to a baby boy.
Palestinians' hopes and fears as Trump heads back to the White House
Gazans say they'd welcome Trump making good on his vow to end the war, but not "at the expense of the Palestinian people."
14 suspects linked to powerful cartel arrested in Spain murder probe
The arrests came after a murder victim's family received a large ransom request and $32,000 was paid in cryptocurrency.
Entertainment
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Netflix says 60 million households watched Tyson-Paul match
The much-hyped fight pitting the 58-year-old Tyson against Paul, 27, shattered records but was marred by tech glitches.
"Gladiator II" cast on new film
Ridley Scott's latest masterpiece revisits the world of ancient Rome with new characters and intense drama. The cast of "Gladiator II" talks to Nate Burleson on working with Scott and carrying forward the spirit of the iconic original.
Victoria Kjær Theilvig of Denmark is crowned Miss Universe
Victoria Kjær Theilvig, an animal protection advocate who works in the diamond selling business, beat out Miss Nigeria at the end of the competition.
Cher opens up about life with Sonny
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.
Cher opens up about life with Sonny
It took forever for Cher to write her story, but this week, her memoir (that is, "Part One" of her memoir) is being released. She talks with correspondent Anthony Mason about her relationship, on stage and off, with Sonny Bono; the shocking truth she learned about "Cher Enterprises"; and why Sonny & Cher's TV partnership survived beyond their marriage.
Technology
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Technology
How this new car runs without gas or electricity
As climate change intensifies, the race for a more eco-friendly car has revved up. Itay Hod reports on the newest twist on travel.
"Human … Please die": Chatbot responds with threatening message
In an online conversation about aging adults, Google's Gemini AI chatbot responded with a threatening message, telling the user to "please die."
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.
Meta facing courtroom battle
On Wednesday, a judge allowed a Federal Trade Commission lawsuit to move forward that accuses Meta of creating an illegal monopoly with Facebook, Instagram and WhatsApp. CBS News MoneyWatch correspondent Kelly O'Grady explains.
The Guardian to stop posting on X, calling it "a toxic media platform"
The Guardian says benefits of being on Elon Musk's social media platform X are outweighed by its "often disturbing content."
Science
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Science
How climate change impacts the economy
2024 is on pace to be the hottest year on record worldwide. CBS News Los Angeles meteorologist and climatologist Marina Jurica reports that extreme weather events cost the global economy over $2 trillion in the last 10 years.
Scientists say biggest coral in the world discovered in the Pacific
Scientists say they've discovered a "mega coral" three times bigger than the previous record holder - so huge they initially thought it was a shipwreck.
Surfboards with lights could deter shark attacks: "Invisibility cloak"
Seal-shaped boards decked with bright horizontal lights were less likely to be attacked by great white sharks, researchers found.
Trump officials likely to reverse drilling waste "methane fee" EPA is imposing
Oil and natural gas companies will have to pay a federal fee if they emit methane above certain levels under a rule being finalized by the Biden administration that incoming Trump officials are likely to reverse.
Site of ancient, key battle in Iraq found using spy satellite images
1970s-era U.S. spy satellite imagery has led archeologists to what they believe is the site of a seventh-century battle that was decisive in the spread of Islam in the region.
Crime
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Hologram used in bid to solve sex worker's cold case murder
Bernadett "Betty" Szabo, 19, was stabbed multiple times just months after giving birth to a baby boy.
2 killed, 10 hurt in New Orleans shootings
Two people were killed and ten others wounded in two separate shootings about 45 minutes apart along a parade route packed with thousands of people in New Orleans. There's no word if the incidents are related and police haven't announced any arrests.
14 suspects linked to powerful cartel arrested in Spain murder probe
The arrests came after a murder victim's family received a large ransom request and $32,000 was paid in cryptocurrency.
Shootings along New Orleans parade route leave 2 dead, 10 wounded
Two people were killed and 10 wounded in two shootings along a New Orleans parade route and celebration attended by thousands, authorities said. There were no immediate arrests.
Calvin Klein model charged with murder in NYC stabbing death
Dynus Saxon was arraigned in Bronx criminal court in connection with the Nov. 10 killing of Kadeem Grant, the DA said.
Space
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Far side of the moon once had erupting volcanoes, lunar soil shows
Researchers analyzed lunar soil brought back by China's Chang'e-6, the first spacecraft to return with a haul of rocks and dirt from the little-explored far side.
When you can see the Beaver Moon, 2024's final supermoon
November's full moon, known as the Beaver Moon, is the last supermoon of 2024. Here's when it peaks and why it's called the Beaver Moon.
Astronauts decline to answer questions about post-flight medical issue
Medical issues aside, the astronauts described a water leak in June that triggered a blizzard in the International Space Station's airlock.
Cargo ship brings science gear, holiday treats to space station crew
With an Election Day docking, the cargo ship delivered 3 tons of supplies and equipment, including an unusual wooden satellite.
The Taurid meteor showers will peak a week apart in November
Two sister meteor showers are already flashing across night skies — and will peak a week apart.
Latest Galleries
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Notable Deaths in 2024
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Serial killer Rodney Alcala's secret photos
See some of convicted serial killer Rodney Alcala's photographs that were discovered by detectives in a Seattle storage locker.
The troubled marriage of Ashley and Doug Benefield
The seesaw marriage between the former ballerina and her much older husband only lasted four years, until she shot him on Sept. 27, 2020.
Evidence in "The Dexter Killer" case
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.
Summer music heats up 2024
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.
Latest CBS News Videos
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Latest CBS News Videos
Ukraine OK'd to use long-range U.S. missiles
President Biden has given Ukraine the green light to use U.S.-provided long-range missiles for strikes deep within Russian territory, a U.S. official confirmed to CBS News on Sunday. The move is a major shift in U.S. policy that comes after months of lobbying from the Ukrainians. CBS News senior national security correspondent Charlie D'Agata and CBS News White House reporter Willie James Inman have more.
Where to get the latest CBS Mornings Deals
On this edition of CBS Mornings Deals, we show you items that might just become essentials in your everyday life. Visit cbsdeals.com to take advantage of these exclusive deals today. CBS earns commissions on purchases made through cbsdeals.com.
Travel expert on holiday tips to save money
Having visited more than 250 cities in 62 countries, Emmy-winning host Samantha Brown shares her top strategies to make holiday travel smoother and more affordable.
The risks of "hurried child syndrome"
Parenting expert Emily Oster joins "CBS Mornings Plus" to talk about how "hurried child syndrome" can be a cause of potential anxiety in kids.
What the filibuster means for Trump
With Republicans controlling Congress and the White House, President-elect Trump appears to have a clear path for his legislative goals. But Democrats can still use the filibuster to slow progress. Scott MacFarlane explains.