Mortgage rates rise as Iran war heightens U.S. inflation fears
Mortgage rates, though still well below their level a year ago, have edged up since the Iran war erupted. Here's why.
Watch CBS News
Mortgage rates, though still well below their level a year ago, have edged up since the Iran war erupted. Here's why.
According to data from Homes.com, in the second half of 2025, more homeowners had mortgages with rates at or above 6% than those with loans below 3%.
A new report from Realtor.com projects that the housing market will shift in a more buyer-friendly direction in 2026.
A growing number of Americans, squeezed by inflation and elevated interest rates, face the risk of losing their home in foreclosure.
They bought homes with big dreams, and even bigger mortgage payments, hoping to refinance once rates dropped.
Details are still sparse, but a 50-year loan could meaningfully reshape a housing market where 30 years is the norm.
Doug Lebda died on Sunday in an all-terrain vehicle accident, according to LendingTree.
Mortgage rates have declined to the lowest levels of the year, but housing market affordability is a little more complicated. The median home price is nearly $440,000.
Unable to find buyers, a growing number of sellers are pulling their homes off the market rather than compromise on price.
Mortgage rates jumped higher on Monday following Moody's downgrade of U.S. debt, adding to the headwinds facing homebuyers.
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.
Beginning May 1, some people with higher credit scores may actually end up paying a higher fee.
Buying a home has traditionally been seen as the smarter financial move. But is that still the case?
The case will be presented to the Broward Count State Attorney's Office to determine whether charges will be filed.
Two people climbed to the top of New York City's Empire State Building, unfurled a banner, and then apparently got engaged Wednesday afternoon.
CBS Miami, Neighbors 4 Neighbors and Global Empowerment Mission are collecting donations to help families affected by the devastating earthquakes in Venezuela.
Gregory DaSilva appeared before a judge on Wednesday morning and was ordered held without bond.
Dramatic video showed the moment a rescue team pulled a small dog from the rubble nearly a week after twin earthquakes devastated Venezuela.
The case will be presented to the Broward Count State Attorney's Office to determine whether charges will be filed.
Two people climbed to the top of New York City's Empire State Building, unfurled a banner, and then apparently got engaged Wednesday afternoon.
Gregory DaSilva appeared before a judge on Wednesday morning and was ordered held without bond.
CBS Miami, Neighbors 4 Neighbors and Global Empowerment Mission are collecting donations to help families affected by the devastating earthquakes in Venezuela.
From major concerts and waterfront fireworks to hometown parades and family festivals, South Florida communities are celebrating America's 250th birthday.
In courtroom testimony, Shandelle Maycock recounted the harrowing night her daughter was abandoned in the Everglades, describing the horrors they endured.
A former prison guard trainee has been sentenced to death for the 2019 execution-style killings of five women inside a Florida bank.
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.
President Trump is traveling Wednesday to North Dakota in what marks his first trip aboard the new Air Force One, which was gifted to the U.S. by the Qatari government last year.
From screwworm to flesh-eating bacteria, mounting public health risks are emerging in the wake of deep cuts to federal health agencies and programs.
The court's decisions cemented Mr. Trump's authority over vast swathes of the government, while delivering significant setbacks to his agenda in other areas.
The Supreme Court agreed to take up challenges to so-called assault-weapons bans in Cook County, Illinois, and Connecticut.
The Supreme Court on Tuesday struck down President Trump's executive order seeking to end birthright citizenship.
On Thursday, Governor Ron DeSantis announced the closing of Alligator Alcatraz, the highly controversial immigration detention center that was the subject of numerous lawsuits as well as allegations of abuse.
The 29-year-old attorney is hoping to stand out from the pack by going after young voters.
More than two decades after voters were promised a new facility to treat people with mental illnesses, rather than warehousing them in the county jail, the Miami-Dade County Commission gave final approval on Tuesday to open the Miami Center for Mental Health and Recovery.
There are seven Democrats in the race and whoever wins the primary in August will almost certainly be elected to Congress, since this is the most Democratic district in the state.
Democratic CFO candidate Annette Taddeo says she is running to strengthen oversight of Florida's insurance industry and better protect homeowners.
A new Florida law requires drug prescribers to complete sickle cell training, aiming to improve care and address stigma faced by patients.
Former NFL running back Chris Johnson announced that he was diagnosed with ALS, also known as Lou Gehrig's disease, in a "Good Morning America" interview.
Gallup found that only 49% of Americans were "cost-secure" last year, with concerns about medical bills and prescription costs rising across income groups.
Dr. Peter Stafford was working with a missionary group in the Congo when he came down with the virus last month.
The FDA is moving ahead with a safety study of the abortion pill mifepristone, a senior FDA official confirmed to CBS News, a step that could create a path for the Trump administration to restrict access to the medication.
AARP is sounding the alarm because it is so easy to fall for these schemes, but there are simple things everyone can do to protect themselves.
A lawsuit filed late last month took Chicago-based McDonald's to task over the McRib sandwich, calling its name a form of false advertising.
Florida insurance policyholders could be seeing some form of relief in their wallets thanks to market reforms made statewide, Gov. Ron DeSantis said.
The company said Tuesday that 85% of its retail products and "nearly all" of its school offerings are already made without "certified colors."
Less than two days after Delta Air Lines offered $30,000 to each passenger on board the flight that crashed and flipped in Toronto on Monday afternoon, the company is facing its first two lawsuits in the incident — and they likely won't be the last.
Carín León sees the World Cup as something that pulls different cultures together.
There appear to be new clues about the location of Taylor Swift and Travis Kelce's wedding.
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."