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.
Mortgage Rates
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.
Why the Fed is holding interest rates steady
The Federal Reserve Board announced it will not change interest rates for now as it eyes how to lower inflation without running the risk of entering a recession. CBS News business analyst Jill Schlesinger looks at the Fed's decision and the upcoming cues to look out for in the economy.
Wall Street closes out week on record upswing
The big picture on Wall Street is that it's been a solid stretch for the American economy. But for those hoping to buy a home, pay rent, or afford groceries, it's not all quite as rosy.
Mortgage rates expected to fall in 2024
Some financial experts expect mortgage rates to decline gradually over the coming months. Mark Hamrick, a senior economic analyst for Bankrate, joins CBS News with the data behind this projection.
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.
Housing market outlook for 2024
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.
Mortgage rates starting to slowly drop
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 rate for a typical home loan falls to 6.8% — lowest since June
Mortgage rates are edging down from their highest level in 23 years as inflation around the U.S. continues to cool.
2023 was brutal for homebuyers. Here's what to expect in 2024.
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.
Here's how much you need to earn to afford a home in 97 U.S. cities
"Even places that historically have been affordable now need six figures," according to Redfin's chief economist.
Here's what to do if you get behind on your mortgage payment
Many homeowners are struggling to keep up with their mortgage payments amid rising costs and high inflation. Here's how to catch up.
Thinking of an adjustable-rate mortgage? Here are 3 questions to ask.
Deciding on an adjustable-rate mortgage boils down to how long you plan to own a property and if your income is stable.
What the Fed's rate decision this week could mean for mortgage rates
With mortgage rates topping 8%, some home buyers are hoping to see some relief with the Federal Reserve's next decision.
Home prices and rents have both soared. So is buying or renting the better deal?
Buying a home is now 52% more expensive than renting, a financial gap that is larger than during the 2006 housing bubble.
Mortgage rates touch 8% for the first time since 2000
The average rate for a 30-year home loan crossed the 8% threshold this week, deepening the affordability crisis for homebuyers.
Mortgages rates go up, prices remain high
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.
Could a housing market recession be looming?
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.
Mortgage rates haven't been this high since 2000
The average interest rate on a typical mortgage is now 7.49%, worsening the nation's housing affordability crunch.
Live
Trump threatens Iran strikes, says it's too soon for new direct talks
Trump threatens Iran with "higher level" strikes if it won't accept a peace deal, but says it's too soon for direct talks after reporting diplomatic progress.
Jeffrey Epstein's possible suicide note released by judge
A former cellmate has previously claimed that the note was written by Epstein after a failed suicide attempt less than a month before his death.
Blanche: Obama's concerns about DOJ targeting Trump critics are "extraordinarily rich"
Acting Attorney General Todd Blanche denied to CBS News that the Justice Department is engaging in a retribution campaign against President Trump's critics, pushing back on criticism from Barack Obama.
Judge denies Fulton County's request to return 2020 ballots seized by FBI
A federal judge in Georgia denied a motion by officials in Fulton County, Georgia, to return ballots and other materials from the 2020 election that were taken by the FBI earlier this year.
Rudy Giuliani out of ICU after hospitalization for pneumonia
Former New York City Mayor Rudy Giuliani has now left the intensive care unit, his spokesperson said, after being hospitalized with pneumonia.
Ted Turner, media tycoon who founded CNN, dies at age 87
Ted Turner built a media empire that included cable channels CNN, TBS and TNT, and he owned the Atlanta Braves for 20 years.
3 evacuated from hantavirus cruise as Spain says it will dock in Tenerife
Three passengers have been evacuated from a cruise ship hit by a hantavirus outbreak, as related cases are confirmed in Switzerland and South Africa.
Suspect arrested in Oklahoma party shooting that killed 1, injured 22
Police said they have arrested an 18-year-old in connection with a shooting Sunday during a party that left one woman dead and 22 other people wounded.
Kentucky Derby winner skipping Preakness Stakes, won't make Triple Crown run
The last time a horse won the Triple Crown was in 2018.
U.S.
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Jeffrey Epstein's possible suicide note released by judge
A former cellmate has previously claimed that the note was written by Epstein after a failed suicide attempt less than a month before his death.
Judge denies Fulton County's request to return 2020 ballots seized by FBI
A federal judge in Georgia denied a motion by officials in Fulton County, Georgia, to return ballots and other materials from the 2020 election that were taken by the FBI earlier this year.
Suspect arrested in Oklahoma party shooting that killed 1, injured 22
Police said they have arrested an 18-year-old in connection with a shooting Sunday during a party that left one woman dead and 22 other people injured.
Retired special forces soldier accused of shooting wife in Tennessee found dead
Craig Berry, 53, was found dead on Wednesday of an apparent gunshot wound, the Stewart County Sheriff's Office said.
Kentucky Derby winner skipping Preakness Stakes, won't make Triple Crown run
The last time a horse won the Triple Crown was in 2018.
MoneyWatch
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iPhone owners could get up to $95 from a new Apple settlement
A proposed $250 million settlement would compensate millions of consumers who bought the iPhone 16, iPhone 15 Pro or iPhone 15 Pro Max.
Food manufacturer Cento is committing "tomato fraud," lawsuit alleges
In a new lawsuit, two California residents allege that Cento Fine Foods doesn't use real San Marzano tomatoes in one of its products.
Gas prices top $4.50 a gallon, reaching highest level since July 2022
Gas prices are now 52% higher than prior to the Iran war, with drivers paying $1.56 more per gallon, data shows.
Ted Turner, media tycoon who founded CNN, dies at age 87
Ted Turner built a media empire that included cable channels CNN, TBS and TNT, and he owned the Atlanta Braves for 20 years.
Fruit-flavored e-cigarettes for adults OK'd by FDA in major shift under Trump
The FDA announced its first authorization of fruit-flavored electronic cigarettes intended for adult smokers, a major policy shift after months of appeals to President Trump from the vaping industry.
Politics
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Rudy Giuliani out of ICU after hospitalization for pneumonia
Former New York City Mayor Rudy Giuliani has now left the intensive care unit, his spokesperson said, after being hospitalized with pneumonia.
Jeffrey Epstein's possible suicide note released by judge
A former cellmate has previously claimed that the note was written by Epstein after a failed suicide attempt less than a month before his death.
Blanche: Obama's concerns about DOJ targeting Trump critics are "extraordinarily rich"
Acting Attorney General Todd Blanche denied to CBS News that the Justice Department is engaging in a retribution campaign against President Trump's critics, pushing back on criticism from Barack Obama.
Judge denies Fulton County's request to return 2020 ballots seized by FBI
A federal judge in Georgia denied a motion by officials in Fulton County, Georgia, to return ballots and other materials from the 2020 election that were taken by the FBI earlier this year.
FBI searches office of Virginia lawmaker who helped lead redistricting effort
An FBI spokesperson said in a statement that an investigation is ongoing and there is no threat to public safety.
HealthWatch
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HealthWatch
What's the hantavirus risk to the public?
A deadly strain of hantavirus broke out aboard a cruise ship for the first time, with more than 150 people on board. With three deaths among eight confirmed cases so far, Dr. Céline Gounder discusses the wider risks.
What's next for those aboard cruise ship?
Investigators are racing to control a deadly outbreak of hantavirus, the first ever recorded on a cruise ship. More than 140 people are still on board, including 17 Americans. Tom Hanson reports.
3 evacuated from hantavirus cruise as Spain says it will dock in Tenerife
Three passengers have been evacuated from a cruise ship hit by a hantavirus outbreak, as related cases are confirmed in Switzerland and South Africa.
Fruit-flavored e-cigarettes for adults OK'd by FDA in major shift under Trump
The FDA announced its first authorization of fruit-flavored electronic cigarettes intended for adult smokers, a major policy shift after months of appeals to President Trump from the vaping industry.
What we know about cruise hantavirus outbreak
A rare form of hantavirus is believed to have spread person-to-person on board a cruise ship. Three people are dead, four more are ill and nearly 150 others are stranded aboard the ship, where they will stay potentially for months until they are cleared to leave. Tom Hanson has more.
World
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3 evacuated from hantavirus cruise as Spain says it will dock in Tenerife
Three passengers have been evacuated from a cruise ship hit by a hantavirus outbreak, as related cases are confirmed in Switzerland and South Africa.
13-year-old student kills 2 women at school in Brazil
A 13-year-old student admitted carrying out the attack at the public school Instituto Sao Jose in Rio Branco, officials said.
Live
Trump threatens Iran strikes, says it's too soon for new direct talks
Trump threatens Iran with "higher level" strikes if it won't accept a peace deal, but says it's too soon for direct talks after reporting diplomatic progress.
3 killed in U.S. strike on suspected drug boat in eastern Pacific, Pentagon says
The attack came a day after U.S. forces struck an alleged drug boat in the Caribbean Sea, killing two people.
Trump pauses Project Freedom in Strait of Hormuz to see if Iran deal can be struck
President Trump said Tuesday he has paused Project Freedom, a U.S. effort to guide commercial ships through the Strait of Hormuz.
Entertainment
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Entertainment
How Ted Turner transformed media
Ted Turner, who died on Wednesday at age 87, was a global media titan. Amol Sharma, a financial editor for The Wall Street Journal, joins CBS News with more insight.
How Ted Turner changed TV
Media mogul and CNN founder Ted Turner has died at 87, according to a statement from Turner Enterprises. Michael Schneider, Variety's executive editor of TV, joins with more.
Anthony Mason launches YouTube show
CBS News' Anthony Mason is launching a new YouTube show called "Alchemy with Anthony Mason." It's a long-form interview program celebrating artists and the creative process.
Obama tells Colbert what he worries about in today's politics
In an interview on "The Late Show with Stephen Colbert," former President Barack Obama had some pointed words about the power of the executive branch.
Nathan Lane on fulfilling lifelong dream
Actor Nathan Lane, who stars in the play "Death of a Salesman," was nominated for his seventh Tony Award. He spoke to "CBS Mornings" about why it was a lifelong dream for him to star in the play and his personal connection to his character.
Technology
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Technology
Autonomous cars to be ticketed in California
Autonomous cars in California will no longer be immune to traffic tickets once a new law takes effect in July. CNET editor-at-large Scott Stein joins CBS News to discuss this and other top technology stories of the day.
iPhone owners could get up to $95 from a new Apple settlement
A proposed $250 million settlement would compensate millions of consumers who bought the iPhone 16, iPhone 15 Pro or iPhone 15 Pro Max.
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.
Employers are demanding AI skills. What's the best way to learn them?
Career experts say workers and job seekers should take charge of their own AI education. Here's how to get started.
OpenAI co-founder's diary surfaces in Musk trial
The high-stakes trial between Elon Musk and OpenAI now involves testimony about a co-founder's personal diary. Vanity Fair contributor Tom Dotan joins to discuss.
Science
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Mysterious world beyond Pluto may have atmosphere, study says
If confirmed, the rock would become just the second world past Neptune in our solar system to host an atmosphere.
Bill Nye on the Artemis II moon mission
Bill Nye The Science Guy, the chief ambassador of The Planetary Society, joins CBS News 24/7 Mornings with more after meeting the Artemis II crew in person after their successful mission around the moon.
Trump administration fires board overseeing National Science Foundation
The Trump administration has fired all 22 current members of an independent board that oversees the National Science Foundation, one dismissed member says.
AI used to reveal face of victim fleeing Mount Vesuvius eruption
Archaeologists found the victim holding a terracotta mortar, which they interpret as an improvised attempt to shield his head.
In a first, endangered orangutan seen using canopy bridge to cross road
Rapid development has been shrinking the jungle habitat of the critically endangered species, and fatal conflicts with people have been increasing.
Crime
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Crime
Possible Epstein suicide note released
A judge on Wednesday ordered the release of an apparent suicide note possibly written by the late convicted sex offender Jeffrey Epstein. CBS News has not independently verified the note. Anna Schecter has the latest.
Retired special forces soldier accused of shooting wife in Tennessee found dead
Craig Berry, 53, was found dead on Wednesday of an apparent gunshot wound, the Stewart County Sheriff's Office said.
Driver accused of chasing child on sidewalk
A woman in Washington state is accused of trying to run over a child on an e-bike. Police say she later attempted to break into a home. The child was not harmed in the incident and the woman is now facing felony charges.
New development in Lynette Hooker case
Authorities are looking for the owners of a sailboat as they continue to investigate the disappearance of Lynette Hooker, the American who went missing in the Bahamas while sailing last month. Cristian Benavides reports.
13-year-old student kills 2 women at school in Brazil
A 13-year-old student admitted carrying out the attack at the public school Instituto Sao Jose in Rio Branco, officials said.
Space
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Mysterious world beyond Pluto may have atmosphere, study says
If confirmed, the rock would become just the second world past Neptune in our solar system to host an atmosphere.
Artemis crew surprises 5-year-old aspiring astronaut with special gift
The Artemis II team gained a new member, and the crew made sure their youngest teammate had the right stuff for space.
Artemis II crew reveals what snack they ate right after splashdown
The Artemis II astronauts said they actually really enjoyed the space food, but it was a familiar candy they enjoyed after splashing down in the Pacific Ocean.
Artemis II astronauts talk mission toilet troubles: "We made do"
The plumbing issues aboard the Orion capsule became headline news in the early days of the historic Artemis II mission.
Only on CBS
Artemis crew tells kids moon flight was "the best roller coaster ride"
The Artemis II astronauts joined "CBS Mornings" for a live town hall where they took questions from kids just weeks after returning from their historic moon mission.
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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5/6: CBS Evening News
Health officials work to contain deadly hantavirus outbreak on cruise; President Trump threatens Iran with more attacks if it doesn't agree to a deal.
Former CNN president on Ted Turner's life
Ted Turner, a businessman and philanthropist who launched CNN, died on Wednesday at 87. Jonathan Klein, the president of CNN from 2004 to 2010, joins "The Daily Report" to remember Turner's life.
Trump calls Iran conflict a "skirmish"
President Trump touted U.S. actions against Iran on Wednesday. The comments came one day after he paused the Project Freedom initiative to guide ships through the Strait of Hormuz to allow peace negotiations to move forward. CBS News' Holly Williams reports, and Samuel Helfont, an associate professor of strategy and policy at the Naval War College, has more.
Breaking down Spirit's liquidation process
A lawyer for bankrupt Spirit Airlines said the rising cost of fuel "engulfed" the airline, drained its liquidity, and derailed its restructuring efforts. There's a sense of urgency to expedite the liquidation process because lawyers say it would benefit creditors and customers. Bob Allen, managing editor of Nomadic Aviation Group, which handles private flight operations for the aircraft leasing industry, joins "The Daily Report" to discuss.
Possible Epstein suicide note released
A judge on Wednesday ordered the release of an apparent suicide note possibly written by the late convicted sex offender Jeffrey Epstein. CBS News has not independently verified the note. Anna Schecter has the latest.