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Higher mortgage rates keep homeownership distant for many

CBS News MoneyWatch Correspondent Kelly O’Grady explained the trend causing mortgage rates to go up. She said going into 2025 she doesn’t think interest rates will significantly drop.

Dec 27, 2024 (03:53)

Rancho Cucamonga homeowners living on edge after camouflaged cameras found hidden in their yards

Rancho Cucamonga homeowners living on edge after camouflaged cameras found hidden in their yards

Coastal residents grow more concerned over damage from Tropical Storm Rachel

Coastal residents grow more concerned over damage from Tropical Storm Rachel

Surfer speaks after spotting great white shark off Huntington Beach coast

Surfer speaks after spotting great white shark off Huntington Beach coast

Sinkhole swallows Spectrum van in Los Feliz

Sinkhole swallows Spectrum van in Los Feliz

Crews battle flames at Fontana recycling center

Crews battle flames at Fontana recycling center

Cedars-Sinai researchers offer hope for 3 siblings with rare genetic disease

Cedars-Sinai researchers offer hope for 3 siblings with rare genetic disease

Celebrating National Pizza Month with Coastline Pizzeria

Celebrating National Pizza Month with Coastline Pizzeria

Tips for holiday travel, best airfare and 2027 trends

Tips for holiday travel, best airfare and 2027 trends

Entertainment news highlights with Variety

Entertainment news highlights with Variety

Video shows Hollywood sinkhole swallowing van

Video shows Hollywood sinkhole swallowing van

Doctor discusses Pope Leo XIV lung cancer diagnoses

Doctor discusses Pope Leo XIV lung cancer diagnoses

Political strategist discusses Tuesday’s Los Angeles mayoral debate

Political strategist discusses Tuesday’s Los Angeles mayoral debate

Early morning West Los Angeles brush fire extinguished by LAFD

Early morning West Los Angeles brush fire extinguished by LAFD

Halloween candy prices are up. Here’s how 5 stores compare on deals

Halloween candy prices are up. Here’s how 5 stores compare on deals

Red flag warning issued ahead of winds and increased fire danger

Red flag warning issued ahead of winds and increased fire danger

Pope Leo XIV diagnosed with lung cancer after undergoing surgery to remove nodular lesion

Pope Leo XIV diagnosed with lung cancer after undergoing surgery to remove nodular lesion

Long Beach residents face massive cleanup after powerful waves destroy homes, boardwalk

Long Beach residents face massive cleanup after powerful waves destroy homes, boardwalk

Portal of the Folded Wings in Burbank | Look At This!

Portal of the Folded Wings in Burbank | Look At This!

Bass and Raman trade jabs in final debate before LA mayoral election

Bass and Raman trade jabs in final debate before LA mayoral election

Woman who recorded viral video of Malibu beach engagement finally connects with couple

Woman who recorded viral video of Malibu beach engagement finally connects with couple

Lynwood man in disbelief after his beloved husky was found hanging in an alley

Lynwood man in disbelief after his beloved husky was found hanging in an alley

Coastal erosion leads to crack in Laguna Beach cliffside under PCH

Coastal erosion leads to crack in Laguna Beach cliffside under PCH

Waves weaken after causing destruction along Long Beach coast

Waves weaken after causing destruction along Long Beach coast

FAA investigates 2nd Catalina Island helicopter incident seconds before deadly crash

FAA investigates 2nd Catalina Island helicopter incident seconds before deadly crash

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