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.
Exclusive
U.S. launches largest-ever effort to denaturalize citizens accused of fraud
The Trump administration on Monday plans to announce it is seeking to revoke the citizenship of 17 U.S. citizens accused of immigration fraud.
Live
Iran says attacks halted after Trump tells both sides to "stop 'shooting'"
Iran's military declares a halt to operations as Trump says Israel and Tehran are seeking an "immediate ceasefire" after a major escalation in the 101-day war.
How an experimental weight-loss drug is being openly promoted by physicians
Doctors are jumping the gun to prescribe a medication lacking FDA approval that has gone viral on social media. "Why are we waiting?" one physician asked.
Philippines earthquake kills at least 32 people, unleashes small tsunami
A deadly earthquake rocked the southern Philippines, killing dozens of people and sending small tsunami waves toward at least three nations.
Lawsuit seeks to stop UFC fight at White House on Trump's birthday
The lawsuit calls the event "deeply corrupt" and argues that it seeks to enrich the president and his allies and lacks proper authorization.
Flooding could impact more than 88 million as storms threaten multiple states
States across the Midwest and northern Plains could see flooding as severe storms hit, forecasters say.
Tony Awards honor "Schmigadoon!" and more. See the full winners list.
"Schmigadoon!" — which was tied for the most nominations, with 12 — won Best Musical, and "Liberation" took home the honor of Best Play at the 2026 Tony Awards.
Pope Leo denounces what he calls "scourge" of sexual abuse by Catholic clergy
Pope Leo XIV denounced the "scourge" of sexual violence by Catholic clergy and called for a "culture of care" in the Church ahead of an expected private meeting with victims in Spain.
Latvia says drone shot down as "result of Russian electronic warfare"
A series of drone incursions into countries neighboring Ukraine and Russia is fueling concern that their four-and-a-half year war could spread.
U.S.
More U.S.
Flooding could impact more than 88 million as storms threaten multiple states
States across the Midwest and northern Plains could see flooding as severe storms hit, forecasters say.
Exclusive
U.S. launches largest-ever effort to denaturalize citizens accused of fraud
The Trump administration on Monday plans to announce it is seeking to revoke the citizenship of 17 U.S. citizens accused of immigration fraud.
How an experimental weight-loss drug is being openly promoted by physicians
Doctors are jumping the gun to prescribe a medication lacking FDA approval that has gone viral on social media. "Why are we waiting?" one physician asked.
Lawsuit attempts to stop UFC fight at White House on Trump's birthday
The lawsuit calls the event "deeply corrupt" and argues that it seeks to enrich the president and his allies and lacks proper authorization.
Teen dies after showing symptoms of heat-related illness on Grand Canyon hike
An 18-year-old died last week on a hike deep in the Grand Canyon, after showing symptoms of heat-related illness, the National Park Service said.
MoneyWatch
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Young applicants discuss the challenges of today's job search
With the unemployment rate for young workers about twice as high as the national average, "Sunday Morning" talks with recent graduates from across the country about how AI is affecting both their prospects and the hiring process itself.
Prediction markets have become a draw for young men. Here's why
Prediction markets have become a draw for young men in search of quick cash and thrills, experts say. "I had almost $4,600 at one point but squandered that," one man said.
The job market is much stronger than economists expected. Why?
Americans say it's tough to find a job, but employers just added a surprisingly strong 172,000 new hires in May.
Second Facebook privacy settlement payment is coming soon
The additional payouts come from uncashed settlement funds and will be issued to eligible claimants beginning on June 9.
Employers added 172,000 jobs in May, surging past expectations
The labor market continues to show strength despite rising inflation and concerns about slowing economic growth.
Politics
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Exclusive
U.S. launches largest-ever effort to denaturalize citizens accused of fraud
The Trump administration on Monday plans to announce it is seeking to revoke the citizenship of 17 U.S. citizens accused of immigration fraud.
Raman outpaces Pratt in L.A. mayoral race; Calif. governor's matchup takes shape
L.A. City Councilwoman Nithya Raman surged past Spencer Pratt in the race for L.A. mayor after previously trailing by 6%. The California gubernatorial primary also remained undecided.
Lawsuit attempts to stop UFC fight at White House on Trump's birthday
The lawsuit calls the event "deeply corrupt" and argues that it seeks to enrich the president and his allies and lacks proper authorization.
Full transcript of "Face the Nation with Margaret Brennan," June 7, 2026
On this "Face the Nation with Margaret Brennan" broadcast, Reps. Ro Khanna and Don Bacon join Margaret Brennan.
Khanna condemns Platner's past actions, but "they didn't come as a surprise" to Maine voters
"His actions were misogynistic, they were shameful, they were wrong," Democratic Rep. Ro Khanna, who campaigned with the Senate candidate on Friday, said.
HealthWatch
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How an experimental weight-loss drug is being openly promoted by physicians
Doctors are jumping the gun to prescribe a medication lacking FDA approval that has gone viral on social media. "Why are we waiting?" one physician asked.
The promises and pitfalls of GLP-1 drugs
Approved 20 years ago as a diabetes treatment, GLP-1 drugs have been found to help patients reduce weight, changing the lives of more than 30 million people in the U.S. But there also have been troubling side effects reported.
The promises and pitfalls of GLP-1 drugs
Approved 20 years ago as a treatment for diabetes, GLP-1 drugs have been found also to help patients significantly reduce weight. More than 30 million people in the U.S. have had their lives changed by GLP-1 medications. But there have also been troubling side effects reported. Correspondent Tracy Smith talks with experts who say the drugs might prove useful in treating other diseases associated with obesity (including cancer); and with patients who have taken GLP-1 drugs and experienced widely varying reactions.
A breakthrough for Type 1 diabetes treatment
A medical breakthrough is showing promise for millions of Americans with Type 1 diabetes. It's an alternative to taking insulin without the injections. Mark Strassmann has more details.
U.S. doctor with Ebola recovers from deadly virus, German hospital says
Dr. Peter Stafford was working with a missionary group in the Congo when he came down with the virus last month.
World
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Pope Leo denounces what he calls "scourge" of sexual abuse by Catholic clergy
Pope Leo XIV denounced the "scourge" of sexual violence by Catholic clergy and called for a "culture of care" in the Church ahead of an expected private meeting with victims in Spain.
Live
Iran says attacks halted after Trump tells both sides to "stop 'shooting'"
Iran's military declares a halt to operations as Trump says Israel and Tehran are seeking an "immediate ceasefire" after a major escalation in the 101-day war.
Latvia says drone shot down as "result of Russian electronic warfare"
A series of drone incursions into countries neighboring Ukraine and Russia is fueling concern that their four-and-a-half year war could spread.
Philippines earthquake kills at least 32 people, unleashes small tsunami
A deadly earthquake rocked the southern Philippines, killing dozens of people and sending small tsunami waves toward at least three nations.
Alexander Zverev becomes Grand Slam champion with French Open win
In his fourth major final, Alexander Zverev beat Flavio Cobolli 6-1, 4-6, 6-4, 6-7 (5), 6-1 for the French Open title on Sunday.
Entertainment
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Entertainment
Steven Spielberg talks "Disclosure Day"
Oscar-winning director Steven Spielberg talks to CBS News about his 34th feature film, "Disclosure Day," which explores what would happen if all of the evidence about UFOs and alien life was released to the entire world and proved we are not alone. He also discusses his opinion on aliens, saying they "have been here and they are here."
Highlights from the Tony Awards
At Broadway's biggest night, "Schmigadoon!" took home the award for best musical. Meanwhile, "Arthur Miller's 'Death of a Salesman'" won six Tony Awards, the most of the night. Jamie Wax has more on the winners and top moments.
Tony Awards honor "Schmigadoon!" and more. See the full winners list.
"Schmigadoon!" — which was tied for the most nominations, with 12 — won Best Musical, and "Liberation" took home the honor of Best Play at the 2026 Tony Awards.
6/7: Sunday Morning
Hosted by Jane Pauley: Featured: The Tony-nominated musical "Ragtime"; Steven Spielberg on "Disclosure Day"; GLP-1 medications; college grads' job search woes; a tour of the Sagrada Família in Barcelona; an exhibit of Queen Elizabeth II's fashion; and a honey sommelier.
The fashion of Queen Elizabeth II
During her lifetime, and her 70-year reign as Britain's monarch, Queen Elizabeth II's wardrobe was as important diplomatically as any speech she gave. A new exhibition on view at Buckingham Palace in London, "Queen Elizabeth II: Her Life in Style," is the most comprehensive look at her wardrobe, covering every decade of her life. Correspondent Alina Cho pays a visit, and also talks with fashion designer Erdem Moralioglu about how the Queen inspired his work.
Technology
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Technology
Tackling job search struggles
LinkedIn's latest workforce report found hiring rates are nearly 5% lower than a year ago. Catherine Fisher, a LinkedIn career expert, explains how job applicants can break through the market, using AI when applying and more.
Prediction markets have become a draw for young men. Here's why
Prediction markets have become a draw for young men in search of quick cash and thrills, experts say. "I had almost $4,600 at one point but squandered that," one man said.
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.
Anthropic on global pause on AI development
Anthropic is urging a pause in AI development amid growing concerns about future risks, though some experts question the company's motives. Vicky Ge Huang, a reporter for The Wall Street Journal, joins CBS News with more details.
Alarm over computer "worms" created with AI
Experts are warning about computer "worms" created with AI that can infect devices and harm users without restraint. University of Toronto professor Nicolas Papernot joins with more.
Science
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El Niño could bring more widespread coral bleaching, NOAA warns
The expected arrival of El Niño this summer could trigger another mass coral bleaching event, which would be the fifth on record, researchers said.
Scientists find yeast in frozen mummy's guts, use it to make bread
More than 5,300 years ago, Oetzi the Iceman was strolling through the Alps on the border of Austria and Italy when he was killed by an arrow in the back.
Meteor lights up southern Michigan
Days after a meteor exploded over New England, another fireball was spotted, visible in the Midwest to the Northeast. Rob Marciano has more.
Ancient coin, mysterious markings found under Notre Dame cathedral
A team of archaeologists at the iconic cathedral is digging straight down and back in time, to Roman Paris 2,000 years ago.
NASA taps 2 companies to develop buggies for its moon base program
The FLEX Rover will be equipped to carry two astronauts and traverse hundreds of miles of lunar terrain.
Crime
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Crime
Chaos after mass shooting at Ohio festival
At least 12 people were injured during a mass shooting at the Old West End Festival in Toledo, Ohio, officials say. CBS News' Jonah Kaplan reports.
12 hurt in "gunfight" at Ohio festival, police say
Twelve people were injured, two of them critically, in what police are calling a "gunfight" that broke out at the Old West End Festival in Toledo, Ohio, on Saturday. Jonah Kaplan reports.
At least 5 people stabbed at Penn Station, police say
Six people were taken to the hospital after a stabbing incident at New York City's Penn Station Sunday evening.
The Plot to Eliminate Alyssa Burkett
A toxic couple orchestrates an elaborate plan to kill a mother. "48 Hours" correspondent Peter Van Sant reports.
Ex-boyfriend and fiancée behind fatal stabbing, shooting of Texas mom
What appeared to be an open-and-shut case for Texas investigators turned out to be a twisted murder plot involving victim Alyssa Beard's ex-boyfriend Andrew Beard and his fiancée Holly Elkins – who detectives say was the mastermind.
Space
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Space station crew briefly moves to "safe haven" amid concerns over leaks
Out of an abundance of caution, NASA briefly directed five of the seven crew members aboard the International Space Station to wait inside the docked SpaceX Crew Dragon "Freedom" spacecraft.
Sun erupts with 3 solar flares, raising chances of northern lights for U.S.
Three solar flares burst from the sun this week, raising the chances of seeing the northern lights for people across the United States.
NASA reluctantly gives up on lost orbiter: "Best Mars mission ever"
NASA officials said the $582 million MAVEN orbiter could not be recovered after a problem on the far side of Mars late last year, and that its extraordinarily successful mission was at an end.
Blue Origin vows to resume New Glenn launches despite explosion
Damage to Blue Origin's lone launch pad in the wake of last week's spectacular explosion was not as severe as initially feared, the company said.
NASA taps 2 companies to develop buggies for its moon base program
The FLEX Rover will be equipped to carry two astronauts and traverse hundreds of miles of lunar terrain.
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Summer is the time to enjoy live music, indoors and out. Scroll through our gallery of some of 2026's leading musical acts, featuring images by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
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Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
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Latest CBS News Videos
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Latest CBS News Videos
Massive earthquake rocks the Philippines
The largest earthquake to hit the Philippines in more than three decades killed dozens and triggered a small tsunami. CBS News' Ramy Inocencio reports.
Israel and Iran exchange strikes
Tensions rose in the Middle East following strikes between Iran and Israel. President Trump is urging both sides to stop "shooting," amid ongoing tensions involving Hezbollah and the Houthis in the region. CBS News' Charlie D'Agata and Olivia Rinaldi report.
Where to get the latest CBS Mornings Deals
On this edition of CBS Mornings Deals, we show you items that will help improve your everyday lifestyle. Visit cbsdeals.com to take advantage of these exclusive deals today. CBS earns commissions on purchases made through cbsdeals.com.
Expert on Trump's Knicks-Spurs security
President Trump is planning to attend Game 3 of the NBA Finals between the New York Knicks and the San Antonio Spurs. The NYPD has ramped up security for the game. Charles Marino, a former Secret Service special agent and adviser for the Department of Homeland Security, joins with more.
Political strategists on Platner scandals
Political strategists Kevin Sheridan and Hyma Moore join CBS News with their take ahead of Graham Platner's primary in Maine, and President Trump's reaction to the California primaries during an interview with NBC.