Mortgage rates are surging, foiling homebuyers' best-laid plans
Interest rates for a typical home loan jumped Thursday to 6.46%, the highest level since September 2025. House-hunters aren't pleased.
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Interest rates for a typical home loan jumped Thursday to 6.46%, the highest level since September 2025. House-hunters aren't pleased.
Mortgage rates, though still well below their level a year ago, have edged up since the Iran war erupted. Here's why.
Some good news for home buyers... mortgage rates fell below 6% this week.
A growing number of Americans, squeezed by inflation and elevated interest rates, face the risk of losing their home in foreclosure.
Cynthia Wallace, an accomplice of the notorious reverse mortgage con man Mark Diamond, was sentenced to nearly four years in prison for her role in the fraud Thursday.
The National Association of Realtors say high home prices and high mortgage interest rates are turning away potential buyers. Home prices have increased for 22 straight months, and interest rates are nearly 6.9%.
Mortgage rates jumped higher on Monday following Moody's downgrade of U.S. debt, adding to the headwinds facing homebuyers.
Many so-called zombie mortgages date back to the 2008 financial crisis, and consumer advocates warn a new wave of zombies could be on the horizon — this time, from all the home equity credit lines taken out during the pandemic.
According to Redfin, the median sales price for a home is at a record $387,000. CBS News business analyst Jill Schlesinger has some tips for people trying to navigate the current real estate market.
Inflation is moving sideways, remaining above 3% for the first three months of 2024. Here's how that could impact your finances.
Economists expect a sharp increase in borrowing costs. That could impact credit cards, loans and other debt.
A local high school teacher is charged with transporting child pornography on a flight to Mexico.
Walmart heir Lukas Walton and his wife Samantha have purchased a minority stake in the Chicago Bulls and the United Center, the team announced Friday.
Elgin police are looking for a man who went under the water in the Fox River after an incident Friday morning.
A 20-year-old Chicago man is accused of being the administrator of a Signal messaging group that was allegedly planning a terrorist attack on the UFC event at the White House.
Led by Sen. Cory Booker of New Jersey, a group of Senate Democrats suggested the Justice Department violated its internal policies with the creation of the "anti-weaponization" fund.
Led by Sen. Cory Booker of New Jersey, a group of Senate Democrats suggested the Justice Department violated its internal policies with the creation of the "anti-weaponization" fund.
Bolton agreed to pay a $2.25 million fine, pleading guilty to one count of retaining classified national security information.
Illinois Gov. JB Pritzker on Thursday signed several new consumer protections into law, including a ban on junk fees.
A judge on Thursday ordered the Justice Department to either release unredacted versions of several files on the late sex offender Jeffrey Epstein or explain why it can't do so.
Chicago Mayor Brandon Johnson on Thursday signed an executive order aimed at reducing gun violence in Chicago.
Illinois Gov. JB Pritzker on Thursday signed several new consumer protections into law, including a ban on junk fees.
CBS News Chicago has learned that Illinois home insurance premiums are not only higher than the nation's average, but going up faster too.
As an alternative to legalizing video gambling terminals citywide, Bally's offered to open slot machine lounges at O'Hare and Midway, saying the move would replace the $6.8 million the city budgeted from VGTs.
An Illinois law banning "swipe fees" on taxes and tips — already delayed twice by lawmakers — appears to be on life support after a federal judge that once permitted it issued a permanent injunction against it this week.
A new study from the Cook County Treasurer's office underlines growing concerns about the impact the Illinois megaprojects bill could have on the county's property tax base and overall fiscal health.
The north Chicago suburb of Glenview became the latest Illinois municipality this week to confirm mosquitoes testing positive for the West Nile virus this year.
Environmental and community groups are suing the U.S. Environmental Protection Agency for failing to act on a petition challenging U.S. Steel Gary Works operating permit renewal.
In the four years since Roe v. Wade was overturned and Illinois became a destination for abortion care, Illinois providers and advocates have rebuilt the state's infrastructure to support the tens of thousands of people who travel to the state for abortion services every year.
June is National Aphasia Awareness Month, raising awareness of a disorder that affects a person's ability to speak, write, and understand both spoken and written language.
The Chicago Department of Public Health issued a warning Tuesday about a possible measles exposure at O'Hare International Airport.
As an alternative to legalizing video gambling terminals citywide, Bally's offered to open slot machine lounges at O'Hare and Midway, saying the move would replace the $6.8 million the city budgeted from VGTs.
Daley's Restaurant, known as Chicago's oldest, has served Chicago's Woodlawn neighborhood for more than 130 years.
Walgreens is set to close in Chicago's Chatham neighborhood on Thursday, and there's growing concern about where families will get their medications.
The owners of Gene & Georgetti steakhouse are suing a concessions operator over their expansion at Midway International Airport.
DraftKings announced Monday that it is closing its sportsbook operation at Wrigley Field after only about two years.
Lionel Richie's Chicago concert at the United Center has been postponed after the singer became sick at his tour opener in St. Paul, Minnesota.
Legendary musician Lionel Richie had to cut his performance short Wednesday night in St. Paul, Minnesota, leaving fans with many questions.
Clive Davis helped shape the careers of music stars including Janis Joplin, Bruce Springsteen and Whitney Houston.
Claude Guillemot and a flight instructor were flying in a twin-motor Cessna 421 on Friday evening. An investigation into the crash is underway.
James Burrows directed more than 1,000 episodes of television, including every episode of the original "Will & Grace."
A 20-year-old Chicago man is accused of being the administrator of a Signal messaging group that was allegedly planning a terrorist attack on the UFC event at the White House.
Chicago is bracing for a heat wave bringing the hottest temperatures in two years and the longest streak above 95 degrees in 14 years, with the heat index making it feel as hot as 110 degrees some days.
Cool and with spotty rain Friday night. Lows around 60.
Two weeks after an EF-2 tornado ravaged Merrillville, Indiana, high school students came together to revitalize their community.
A woman died and four others were injured in a crash between two recreational boats near Chicago's Monroe Harbor overnight.
A 20-year-old Chicago man is accused of being the administrator of a Signal messaging group that was allegedly planning a terrorist attack on the UFC event at the White House.
A woman died, and four others were injured after a boat crash near Chicago's Monroe Harbor overnight.
The Chicago area is facing a dangerous heat wave next week, with humidity pushing temperatures into the triple digits and excessive heat warnings likely.
A man was injured after jumping from a fire that broke out at a high-rise building in Chicago's Edgewater neighborhood on Friday morning.
A local high school teacher is charged with transporting child pornography on a flight to Mexico.
An Uber driver who was assaulted during a ride said he begged Chicago police officers not once but twice for help, but was left to fend for himself.
CBS News Chicago has learned that Illinois home insurance premiums are not only higher than the nation's average, but going up faster too.
The Cook County Sheriff's Office has been a part of Illinois' enhanced CTA security plan and state-led task force dedicated to making it safe since the end of March. Their officers have worked more than 4,000 hours a month.
A rideshare driver was shot in Chicago's North Lawndale neighborhood on Monday night.
After a violent holiday weekend, Chicago city leaders are expected to announce new support for a dedicated Department of Gun Violence Prevention.
Walmart heir Lukas Walton and his wife Samantha have purchased a minority stake in the Chicago Bulls and the United Center, the team announced Friday.
There was a big honor for a Chicago Bulls legend as Mayor Brandon Johnson declared Thursday to be Horace Grant Day.
Pete Crow-Armstrong laced an RBI double in the 10th inning, powering the Cubs to a 4-3 victory Thursday night over the sinking Mets and a sweep of the four-game series.
Pope Leo XIV has received a special gift from former Chicago White Sox catcher A.J. Pierzynski.
No foul was initially called after Alyssa Thomas' fist made contact with Caitlin Clark's throat during a game between the Phoenix Mercury and Indiana Fever on Wednesday.
A 20-year-old Chicago man is accused of being the administrator of a Signal messaging group that was allegedly planning a terrorist attack on the UFC event at the White House.
Two people are dead after they were found shot behind a residential building in the Dunning community on Chicago's Northwest Side Thursday afternoon.
A registered sex offender was ordered detained until trial Thursday on charges that he sexually abused a 6-year-old girl at a bus stop in Chicago's Chatham community last weekend.
A man was shot and critically wounded in broad daylight on Chicago's Near West Side Thursday afternoon.
U.K. influencer Brooke George says a man she met online repeatedly assaulted her in the UAE, according to an advocacy group. Now she's facing possible execution for allegedly stabbing him to death.
