Foreclosures are surging as U.S. homeowners grapple with rising costs
A growing number of Americans, squeezed by inflation and elevated interest rates, face the risk of losing their home in foreclosure.
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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?
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.
GOP Rep. Clay Higgins was the only House member to vote against a bill that would require the Justice Department to release files related to Jeffrey Epstein.
A Miami-Dade mother was arrested and charged after Florida City police say her children were found to be living among dog feces, trash and food.
Meta has prevailed over an existential challenge to its business that could have forced the tech giant to spin off Instagram and WhatsApp.
The 11-year-old victim told police that while her mother and grandmother were attending a service, she was assaulted by Ochoa.
Alice and Ellen Kessler launched their career in the 1950s and performed with Fred Astaire, Frank Sinatra and Harry Belafonte, among others.
GOP Rep. Clay Higgins was the only House member to vote against a bill that would require the Justice Department to release files related to Jeffrey Epstein.
A Miami-Dade mother was arrested and charged after Florida City police say her children were found to be living among dog feces, trash and food.
The Miami-Dade Sheriff's Office is honoring the life and service of Deputy Devin Jaramillo, fatally shot by a suspect on Nov. 7 near Kendall.
Meta has prevailed over an existential challenge to its business that could have forced the tech giant to spin off Instagram and WhatsApp.
The 11-year-old victim told police that while her mother and grandmother were attending a service, she was assaulted by Ochoa.
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.
The American Automobile Association said this is a dangerous time of year for young drivers.
GOP Rep. Clay Higgins was the only House member to vote against a bill that would require the Justice Department to release files related to Jeffrey Epstein.
Meta has prevailed over an existential challenge to its business that could have forced the tech giant to spin off Instagram and WhatsApp.
More than a dozen of Jeffrey Epstein's accusers stood alongside Democratic and GOP lawmakers and pressed Congress to look beyond politics.
The House voted 427 to 1 to approve the Epstein Files Transparency Act and compel the release of documents. Follow live updates here.
The measure compelling the Justice Department to release materials related to Jeffrey Epstein passed the House. In a sudden reversal, President Trump told lawmakers they should vote for it.
Jim DeFede interviews Florida Lt. Governor Jay Collins, who is mulling a run for governor in 2026.
Jim DeFede talks with Randi Weingarten about the warning bell she rings in her new book, "Why Fascists Fear Teachers."
Jim DeFede talks with Bryan Calvo, the newly elected mayor of Hialeah.
Jim DeFede interviews Orange County Mayor Jerry Demings, who just announced he's running for governor in 2026.
Jim DeFede sits down with Florida Chief Financial Officer Blaise Ingoglia for an in-depth interview about the state's review of spending across several counties.
Health experts reveal that many Americans indulge in a staggering 4,500 calories during this festive meal.
House Democratic Leader Hakeem Jeffries called GOP Rep. Marjorie Taylor Greene an ally during the shutdown for joining Democrats in demanding that Congress address high health care costs.
A New Jersey man is the first person believed to have died from alpha-gal syndrome, a meat allergy triggered by a tick bite, researchers say.
The once-daily, prescription eye drop is said to help combat presbyopia.
In an interview with CBS News, FDA Commissioner Dr. Marty Makary explains what went into the decision to drop the most serious warnings on hormone therapy for menopause.
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.
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.
Discount store chain Target says it's joining rival Walmart and a number of other prominent American brands in scaling back corporate diversity, equity and inclusion initiatives.
Miami Beach Police announced that the 22-year-old was taken into custody on multiple charges, including possessing amphetamine and marijuana, along with resisting an officer without violence.
The event, organized by the Vatican's culture ministry, drew stars including Spike Lee, Cate Blanchett and Judd Apatow.
Critics are warning that Florida's new social studies standards rehabilitate aspects of McCarthyism and the anti-communist Red Scare.
It's become nearly impossible for people to tell the difference between music generated by artificial intelligence and that created by humans, according to a survey of 9,000 people.
Cleto Escobedo III, longtime bandleader of the "Jimmy Kimmel Live!" show, has died, Jimmy Kimmel announced Tuesday. He was 59.