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?
In Tuesday's Miami Proud, we are shining the spotlight on a local jewelry brand protecting the ocean and beaches in South Florida.
Prosecutors say she used stolen EBT cards to drain funds meant for hundreds of SNAP recipients in an eight-month scheme.
After weeks of trying to return home voluntarily, Yelitza Perez and her daughters finally left the U.S., hoping to avoid formal deportation.
President Trump says he's "not a fan" of Pope Leo XIV while defending a controversial AI image, as Miami's archbishop weighs in on the growing feud.
Plans for a 7-story, 600-bed student housing facility near NSU's sports complex are pulled following pushback from nearby residents.
In Tuesday's Miami Proud, we are shining the spotlight on a local jewelry brand protecting the ocean and beaches in South Florida.
Prosecutors say she used stolen EBT cards to drain funds meant for hundreds of SNAP recipients in an eight-month scheme.
After weeks of trying to return home voluntarily, Yelitza Perez and her daughters finally left the U.S., hoping to avoid formal deportation.
President Trump says he's "not a fan" of Pope Leo XIV while defending a controversial AI image, as Miami's archbishop weighs in on the growing feud.
Plans for a 7-story, 600-bed student housing facility near NSU's sports complex are pulled following pushback from nearby residents.
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 told CBS News senior correspondent Norah O'Donnell that Pope Leo is "wrong on the issues" Monday after lashing out at the pontiff late Sunday in a Truth Social post.
The image was deleted from President Trump's Truth Social account, but the president said it depicted him as a "doctor, making people better."
The average daily ICE detention population declined by 12% from January to March, as a shakeup in DHS leadership suggests a potential shift in enforcement strategy.
Pope Leo has been critical of the war in Iran and other priorities of the Trump administration, but says his comments are "not meant as attacks on anyone."
President Trump said the U.S. Navy will begin blockading ships from entering or exiting the Strait of Hormuz and intercept vessels that have paid tolls to Iran.
Uthmeier was asked several times during a press conference in Miami this week if he had formally requested the judge overseeing the grand jury to keep the findings secret.
Former state Sen. Lauren Book launched her 11th annual statewide walk, encouraging survivors to share their stories amid renewed attention on the Epstein case.
Miami Archbishop Thomas Wenski is pressing county commissioners to approve a long-delayed mental health center, warning lives are at stake as the building sits empty.
Emily Gregory describes the days following her upset victory in Tuesday's special election as "a little overwhelming, surreal, but exciting."
The Miami Center for Mental Health and Recovery, located at 2200 NW 7th Avenue, would be a first-of-its-kind facility that could make a difference in the lives of countless people.
Seventy-three percent of Americans say delays and denials of medical treatment by healthcare insurers are a major problem. Now, a company called Sheer Health says they will fight insurance battles on behalf of their clients.
An unlicensed cosmetologist from Florida has been found guilty in a California court for providing an injection that killed a model who was known as a Kim Kardashian lookalike, prosecutors said.
Food containing norovirus may smell and taste normal but still cause serious illness if consumed, FDA warns.
HHS Secretary RFK Jr. wants the popular coffee chains to prove their surgery drinks are safe for teens and suggested the Trump administration could place limits on your cup of coffee.
Tests of dozens of baby formulas by Consumer Reports found that nearly half contained potentially dangerous chemicals.
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.
Activists are calling for a nationwide boycott of Target stores following the company's decision to roll back its diversity, equity and inclusion initiatives.
Afrika Bambaataa, a rapper and producer, was best known for breakthrough tracks like 1982's "Planet Rock" and for founding the Universal Zulu Nation art collective.
The moon music tradition started more than 50 years ago, NASA said as it shared the Artemis II crew's playlist this week.
The rapper formerly known as Kanye West being denied entry into the U.K. has raised questions over the star's upcoming performance in Italy.
Rapper Offset is recovering after a shooting at Seminole Hard Rock Hotel and Casino, where Lil Tjay was among two people detained and later charged.
A major music festival featuring the rapper formerly known as Kanye West was canceled after the U.K. government blocked Ye from entering the country.