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 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.
Inflation is moving sideways, remaining above 3% for the first three months of 2024. Here's how that could impact your finances.
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.
Aspiring homebuyers face one of the toughest markets in years, with one analyst pointing to a "toxic brews" chilling sales.
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.
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.
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.
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.
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.
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.
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.
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.
Hundreds of people have been arrested in California, New York, Massachusetts, Texas and other states during the tense protests on college campuses.
The Supreme Court convened to consider whether former President Donald Trump is entitled to broad immunity from criminal charges in the 2020 election case.
Harvey Weinstein's 2020 conviction on felony sex crime charges has been overturned by the State of New York Court of Appeals.
Follow live updates of Donald Trump's New York criminal trial, where former National Enquirer boss David Pecker is testifying for the third day.
A former high school athletic director was arrested Thursday morning after allegedly using artificial intelligence to impersonate the school principal in a recording that included racist and antisemitic comments.
A federal judge has denied former President Donald Trump's request for a new trial in the civil suit brought by the writer E. Jean Carroll, who was awarded an $83.3 million judgment.
The petitions are the latest in the effort for Ryan Corbett's release.
President Joe Biden has signed legislation that could lead to TikTok being sold or banned. Here's who might buy it — and for how much.
CDC's provisional figures show a 2% decline in births from 2022 to 2023.
Follow live updates of Donald Trump's New York criminal trial, where former National Enquirer boss David Pecker is testifying for the third day.
Visitors will have to pay five euros, a fee designed to offset some of the costs of accommodating tourists.
Hundreds of people have been arrested in California, New York, Massachusetts, Texas and other states during the tense protests on college campuses.
PayPal payments are being made to 117,044 consumers whose videos may have been accessed by unauthorized users.
David Schultz's wife said that the person found was wearing boots that matched her husband's, and his keys were found in the pants pocket.
Visitors will have to pay five euros, a fee designed to offset some of the costs of accommodating tourists.
PayPal payments are being made to 117,044 consumers whose videos may have been accessed by unauthorized users.
President Joe Biden has signed legislation that could lead to TikTok being sold or banned. Here's who might buy it — and for how much.
These are the airports Southwest is pulling out of completely as it looks to save costs.
Looking for a place to live in NYC? Zillow is now listing Frank Sinatra and Mia Farrow's former home on the Upper East Side.
Follow live updates of Donald Trump's New York criminal trial, where former National Enquirer boss David Pecker is testifying for the third day.
The petitions are the latest in the effort for Ryan Corbett's release.
A federal judge has denied former President Donald Trump's request for a new trial in the civil suit brought by the writer E. Jean Carroll, who was awarded an $83.3 million judgment.
Coal-fired power plants would have to capture smokestack emissions or shut down under a new EPA rule the industry says would make the grid less reliable. It's likely to face court challenges.
The Supreme Court convened to consider whether former President Donald Trump is entitled to broad immunity from criminal charges in the 2020 election case.
CDC's provisional figures show a 2% decline in births from 2022 to 2023.
Don't brush your teeth after breakfast? Or after vomiting? Dentists say it can wear away your enamel. Here's what to do instead.
Federal officials say they're double checking whether pasteurization has eradicated the danger from possible bird virus particles in milk.
For the first time, surgeons at NYU Langone Health performed a combined mechanical heart pump and gene-edited pig kidney transplant into a living person.
The USDA had floated banning flavored milk options from some school lunches.
The petitions are the latest in the effort for Ryan Corbett's release.
A cross unearthed in eastern Poland likely belonged to an outcasted Russian religious community around 300 years ago.
Hundreds of people have been arrested in California, New York, Massachusetts, Texas and other states during the tense protests on college campuses.
The creepy patterns were observed by the European Space Agency's ExoMars Trace Gas Orbiter.
Italy's Culture Ministry has banned loans of works to the Minneapolis Institute of Art, following a dispute with the U.S. museum over an ancient marble statue believed to have been looted from Italy almost a half-century ago.
Looking for a place to live in NYC? Zillow is now listing Frank Sinatra and Mia Farrow's former home on the Upper East Side.
Italy's Culture Ministry has banned loans of works to the Minneapolis Institute of Art, following a dispute with the U.S. museum over an ancient marble statue believed to have been looted from Italy almost a half-century ago.
The renowned Moulin Rouge cabaret venue's director has vowed to "rise to the challenge" after the windmill's sails fell off.
Taylor Swift fans have found a way to feel "a little bit closer to" their hero at a London watering hole, and The Black Dog pub is lapping it up.
Jerry Seinfeld and Jim Gaffigan reunite in the new movie "Unfrosted," directed by Seinfeld. The film humorously depicts the 1963 race between cereal giants Kellogg's and Post to invent the first breakfast pastry, featuring Seinfeld as a fictional Kellogg's executive and Gaffigan as the CEO.
Meta began rolling out its new AI-powered smart assistant software, saying it will be integrated across Instagram, Facebook and Messenger. Adam Auriemma, editor-in-chief for CNET, joined CBS News to discuss the new tool.
Lawmakers argue the Chinese government can use the widely popular video-sharing app as a spy tool and to covertly influence the U.S. public.
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.
NASA's Voyager 1, the first spacecraft to travel beyond our solar system, has started sending information back to Earth again after scientists managed to fix the probe from 15 billion miles away.
Customers who rely on government assistance programs can get same perks as Prime members, for less.
Emerging cicadas are so loud in one South Carolina county that residents are calling the sheriff's office asking why they can hear a "noise in the air that sounds like a siren, or a whine, or a roar." CBS News' John Dickerson has details.
Representatives from across the world are gathering in Ottawa, Canada, to negotiate a potential treaty to limit plastic pollution. CBS News national environmental correspondent David Schechter has the latest on the talks.
"Although to some, the noise is annoying, they pose no danger to humans or pets," the sheriff wrote. "Unfortunately, it is the sounds of nature."
The White House is considering declaring a national climate emergency to unlock federal powers and stifle oil development, according to a Bloomberg report. Meanwhile, the Biden administration is announcing several projects this Earth Week. Columbia University Climate School professor Dr. Melissa Lott joins with analysis.
NASA's Voyager 1, the first spacecraft to travel beyond our solar system, has started sending information back to Earth again after scientists managed to fix the probe from 15 billion miles away.
A New York appeals court overturned Harvey Weinstein's 2020 conviction on felony sex crimes. The court ruled that the disgraced movie mogul did not have a fair trial because the judge who presided over the case allowed women to testify about allegations that were not part of the charges against him. Weinstein will remain in prison because of his rape conviction in Los Angeles.
Harvey Weinstein's 2020 conviction on felony sex crime charges has been overturned by the State of New York Court of Appeals.
William Ray Grimes was indicted on charges of murder and burglary in the 2012 slaying of Lowell Badger, police said.
All this week, CBS News has been investigating online romance scams. In this final installment, Jim Axelrod looks at what law enforcement and lawmakers can do -- but also why it's important for the online dating industry to police itself.
Paul Grice, 31, was arrested and charged by Oklahoma authorities with murder and kidnapping in connection to the deaths of Veronica Butler and Jilian Kelley.
The creepy patterns were observed by the European Space Agency's ExoMars Trace Gas Orbiter.
The Shenzhou 18 crew will replace three taikonauts aboard the Chinese space station who are wrapping up a six-month stay.
In November 2023, NASA's Voyager 1 spacecraft stopped sending "readable science and engineering data."
In two weeks, Boeing's Starliner spacecraft is scheduled to launch its first piloted test flight, bringing two veteran NASA astronauts to the International Space Station. Astronaut Matt Dominick joined CBS News from the ISS to talk about the mission and life in space.
A process called cryopreservation allows cells to remain frozen but alive for hundreds of years. For some animal cells, the moon is the closest place that's cold enough.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
The Francis Scott Key Bridge in Baltimore collapsed early Tuesday, March 26 after a column was struck by a container ship that reportedly lost power, sending vehicles and people into the Patapsco River.
When Tiffiney Crawford was found dead inside her van, authorities believed she might have taken her own life. But could she shoot herself twice in the head with her non-dominant hand?
We look back at the life and career of the longtime host of "Sunday Morning," and "one of the most enduring and most endearing" people in broadcasting.
Cayley Mandadi's mother and stepfather go to extreme lengths to prove her death was no accident.
The Supreme Court has concluded arguments over Donald Trump's claim he is entitled to broad immunity from federal prosecution for allegedly official acts while he was in the White House. Nancy Cordes anchored CBS News' special report on the arguments.
The Supreme Court heard arguments Thursday in Trump v. United States, a case weighing whether former President Donald Trump should be immune from federal prosecution for his actions while serving in the White House. CBS News' Jessica Levinson, Jan Crawford and Scott MacFarlane break down the historic arguments that played out in court.
A fourth temporary channel is opening for the Port of Baltimore one month after the Francis Scott Key Bridge collapsed. Two victims of the collapse still have not been recovered as crews continue to remove the wreckage. Col. Estee Pinchasin, Baltimore District commander for the U.S. Army Corps of Engineers, joined CBS News to discuss the recovery.
Lisa Guerrera is the founder of New York City-based skincare beauty startup Experiment. She joined CBS News to talk about how TikTok has impacted her business and what a nationwide ban would mean for her and other entrepreneurs and content creators who rely on the platform.
Former White House chief of staff Mark Meadows and former New York City Mayor Rudy Giuliani are among the 18 people who have been charged in Arizona for an alleged fake electors scheme to try to overturn the 2020 election. Although some of the defendants' names, including Meadows and Giuliani, were redacted from the court documents, they were identified based on the descriptions. CBS News election law contributor David Becker has more on the case.