Homebuyer programs help single mother close on first house
The City of Miami is offering a first-time homebuyer program, which is a zero-interest loan for those who meet the income requirements.
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The City of Miami is offering a first-time homebuyer program, which is a zero-interest loan for those who meet the income requirements.
One day after the Federal Reserve lowered interest rates, CBS News Miami is exploring how the move can help you save money.
The Average rate for 30-year fixed mortgage now stands at 6.44%, the lowest in 16 months, according to the Mortgage Bankers Association.
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.
Continued demand and lack of inventory are driving up the prices of homes at a time when mortgage rates are also climbing.
The median mortgage payment jumped to a record $2,843 in April, up nearly 13% from a year ago, a new analysis finds.
Inflation is moving sideways, remaining above 3% for the first three months of 2024. Here's how that could impact your finances.
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.
The average interest rate on a typical mortgage is now 7.49%, worsening the nation's housing affordability crunch.
Mortgage rates have spiked during the Federal Reserve's historic rate-hiking campaign
After 10 straight interest-rate hikes, borrowers face sharply higher costs for credit cards, mortgages and other loans.
A little-known surcharge set to change on May 1 could impact consumers in different ways.
Buying a home has traditionally been seen as the smarter financial move. But is that still the case?
Beginning May 1, some people with higher credit scores may actually end up paying a higher fee.
As the spring homebuying season approaches, affordability is at its lowest point in history, one economist said.
Buyers are getting squeezed by higher real estate prices and soaring mortgage rates, which could force more out of the market.
Rising mortgage rates are shrinking the number of people who can afford to get a home loan.
Mortgage rates rose again this week topping 7% for the first time since 2002.
Surge in borrowing costs is pushing some buyers out of the market, while sellers face a quandary.
Some housing analysts expect interest rates for conventional home loans to hit double digits by early next year.
Interest rate on a typical 30-year mortgage rate has jumped by more than a quarter-point this week to 6.29%.
The gap between what it costs to rent and own has widened this year amid rising mortgage rates.
But sales of previously occupied homes have slowed sharply amid higher mortgage rates and rising prices.
People looking to buy a home or refinance their current mortgage are in luck. Mortgage rates have dropped again, and financial experts say the coronavirus is one of the reasons why.
A South Florida mom faked a hit-and-run story involving her daughter, police said.
Residents are voicing strong opposition to the City of Miami's consideration of scaling back bulky waste pickup and recycling services.
For many, it's a tough decision when balancing health and finances.
The Alexander twins, both 37, were ordered to be held without bond by Miami-Dade Circuit Court Judge Mindy Glazer.
A teacher at a Miami child care center is facing charges of child abuse after allegedly assaulting a 2-year-old girl in her classroom.
A South Florida mom faked a hit-and-run story involving her daughter, police said.
Residents are voicing strong opposition to the City of Miami's consideration of scaling back bulky waste pickup and recycling services.
For many, it's a tough decision when balancing health and finances.
The Alexander twins, both 37, were ordered to be held without bond by Miami-Dade Circuit Court Judge Mindy Glazer.
From merry lights to holiday yard decorations, we want to see what you've got.
Florida coach Billy Napier is getting a fourth season to try to get the Gators back to their winning ways.
A Florida man has filed a federal lawsuit against Jacksonville sheriff's officers who severely beat him last year after he ran from a traffic stop.
The Marion County Sheriff's deputy told authorities that he accidentally shot and killed his girlfriend while cleaning his gun.
The American Automobile Association said this is a dangerous time of year for young drivers.
Florida insurance companies made money last year for the first time in seven years.
The short list for Time's 2024 Person of the Year included Donald Trump, Kamala Harris, Kate Middleton, Elon Musk and Benjamin Netanyahu.
"These actions represent the largest single-day grant of clemency in modern history," the White House said.
The move comes two weeks after Meta CEO Mark Zuckerberg traveled to Florida and dined with President-elect Donald Trump in Mar-a-Lago.
President-elect Donald Trump has invited Chinese President Xi Jinping to his inauguration next month, according to multiple sources.
The House approved the massive $895 billion National Defense Authorization Act on Wednesday, after a controversial provision on gender-affirming care prompted backlash from Democrats.
Jim keeps the theme of the week going with longtime political reporter Marc Caputo.
Jim interviews the Chair of the Republican Party of Florida about the wave of Floridians being tapped to take over the Trump administration.
A week after interviewing Republican State Rep. Danny Perez of Miami, who is the new Florida House Speaker, Jim goes one-on-one with Fentrice Driskell, the Florida House minority leader.
A week after interviewing Republican State Rep. Danny Perez of Miami, who is the new Florida House Speaker, Jim goes one-on-one with Fentrice Driskell, the Florida House minority leader.
Jim devotes the entire half hour to an interview with Miami State Representative Danny Perez who was sworn in this week as the Speaker of the Florida House.
For many, it's a tough decision when balancing health and finances.
Consumers are venting frustrations about health insurance in wake of UnitedHealthcare CEO murder. Costs have outpaced inflation for years.
The independent Vermont senator also called some of Robert F. Kennedy Jr.'s views "very wrong."
At least 364 pertussis cases were reported, marking the worst Thanksgiving week on record.
Even those enrolled in Medicare have a harder time paying for treatment compared with older adults in other countries.
These gifts from Stanley, Apple, AllTrails and more won't bust your budget.
From top-rated smart mugs to cold brew starter kits, we've rounded up the coffee lover presents to gift this Christmas.
Just in time for the holiday season, Nintendo has released Nintendo Switch bundles and special editions.
For that authentic grilling experience, you can't beat a charcoal grill. We've rounded up the best grill options.
Discover the best tech gifts during the 2024 holiday season that your friends and loved ones will absolutely adore.
Miami-Dade is considering four possible sites, including two that are 2 miles or less from the city of Miramar.
A viral TikTok recipe that includes melting Jolly Ranchers landed a 9-year-old in the hospital with severe burns.
The American Automobile Association said this is a dangerous time of year for young drivers.
A string of recalls connected to Wisconsin-based supplier Schreiber Foods has now extended to Aldi stores after similar recalls at Hy-Vee and other grocery chains.
There are two sales tax holidays for hurricane supplies
Jamie Foxx opened up about why he was hospitalized for several weeks in April 2023.
Mindy Kaling and Morris Chestnut announced the nominations for the 82nd annual Golden Globes, with 10 nominees revealed live on CBS News.
The lawsuit alleges the unidentified girl was raped at a Video Music Awards afterparty in 2000.
Eighteen white-bearded men who resemble the late U.S. author Ernest Hemingway have arrived in Havana for the weekend to visit some of the his favorite places when he lived on the island decades ago.
The plane crash happened in Homosassa, about 60 miles north of Tampa.