Cost of buying a home in America reaches a new high, Redfin says
The median mortgage payment jumped to a record $2,843 in April, up nearly 13% from a year ago, a new analysis finds.
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.
Need more evidence that the economy is booming? Mortgage rates just topped 5%.
Is the Obama administration failing the housing market? Maybe.
If you're one of the millions of Americans considering refinancing your home, time may be of the essence to take advantage of new programs being offered by the federal government.
Vladimir Tarasenko and Carter Verhaeghe scored on the same Bruins double-minor, Sergei Bobrovsky stopped 14 shots and the Florida Panthers beat Boston 6-2 on Friday night and take a 2-1 lead in the Eastern Conference semifinal series.
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Miami FC returns to FIU Soccer Stadium to face Indy Eleven on Sunday night.
The Hollywood Police Department is asking for the public's help with information regarding a fatal hit-and-run.
Just ahead of Mother's Day and in honor of Fleet Week Miami and Military Appreciation Month, Carnival Cruise Lines wanted to do something special for the women in the military.
Vladimir Tarasenko and Carter Verhaeghe scored on the same Bruins double-minor, Sergei Bobrovsky stopped 14 shots and the Florida Panthers beat Boston 6-2 on Friday night and take a 2-1 lead in the Eastern Conference semifinal series.
Michael Cohen's testimony in former President Donald Trump's criminal trial in New York suggests the prosecution is reaching the home stretch of its case.
The show takes to the sky May 11th and 12th off Fort Lauderdale Beach
Miami FC returns to FIU Soccer Stadium to face Indy Eleven on Sunday night.
The Hollywood Police Department is asking for the public's help with information regarding a fatal hit-and-run.
Florida insurance companies made money last year for the first time in seven years.
The U.S. Supreme Court is scheduled Sept. 26 to discuss whether it will hear a First Amendment challenge to a 2021 Florida law that placed restrictions on major social-media companies.
The number of people traveling to Florida during the second quarter of 2023 decreased compared to a year earlier, according to estimates released Wednesday by the state's tourism-marketing agency.
Gov. Ron DeSantis on Monday said Walt Disney Parks and Resorts should drop a federal lawsuit that claims retaliation by the state and accept changes to a special district that long benefited the theme-park giant.
It's Back-To-School and that also means back to the lunch room, as breakfast and lunch are free to all Miami-Dade public school students again this year.
Michael Cohen's testimony in former President Donald Trump's criminal trial in New York suggests the prosecution is reaching the home stretch of its case.
Trump could significantly restrict abortion without ever imposing a federal ban, some experts say. Here's how he could do it.
Stormy Daniels gave defiant testimony Thursday as the defense accused her of fabricating details of the alleged sexual encounter between her and former President Donald Trump.
Hunter Biden was indicted on federal gun charges in September and pleaded not guilty.
U.S. News & World Report pointed to controversies about policies put in place by DeSantis, Republican lawmakers
Lauren Pastrana and her guest discuss the options currently being discussed, possible solutions and how all this might impact students, their teachers and their parents.
Lauren Pastrana does a deep dive with perspective from leaders of local Jewish and Muslim groups for their take and perspective on the protests, the fallout and the fear and threats they are creating.
Jim DeFede catches up with State Senator Lauren Book to talk about the looming six-week abortion ban while she is making her annual walk across Florida to bring attention to child sexual exploitation.
CBS News Miami's Jim DeFede devotes the bulk of this week's program to Florida's six-week abortion ban, which takes effect in a few days.
Jim DeFede talks to former state senator Jeff Brandes, who runs the Florida Policy Project, which has been exploring solutions that include the role of vouchers and something called "upzoning."
Elon Musk's Neuralink finds a brain-computer interface device captured less data a month after implant surgery.
Hormel Foods says potentially contaminated products were shipped to Publix and Dollar Tree distribution warehouses.
The Texas dairy worker infected by H5N1 "did not disclose the name of their workplace," frustrating investigators.
Actress Halle Berry joined with a group of bipartisan senators on Thursday to announce new legislation to promote menopause research, training and education.
Plaintiffs have three months to vote on whether to approve a proposed legal settlement that would resolve nearly all talc lawsuits.
Our tech expert put two of the most powerful tablets head-to-head: Apple iPad Pro and Samsung Galaxy Tab S9 Ultra.
Memorial Day weekend isn't here yet, but you can still score massive discounts on the best mattresses of 2024 now.
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There are two sales tax holidays for hurricane supplies
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One consumer reported suffering a dental injury after eating Trader Joe's Chicken, Lentil & Caramelized Onion Pilaf product.
The company will keep its name and headquarters in Pittsburgh, but the United Steelworkers union voiced opposition to the deal.
For customers of SmileDirectClub, they were greeted with a message that they had shut down when logging on to its website.
This will be the first baby for Hailey and Justin Beiber, who announced their pregnancy after more than five years of marriage.
The Grammy Award-winning and multi-platinum music producer made a special appearance at the North Miami Beach Small Business Summit and Expo on Wednesday to receive the honor.
The stars came out for the the 2024 Met Gala in New York City. See some of the most eye-catching outfits of the night.
Kendrick Lamar and Drake have each released several ruthless diss tracks aimed at each other, with some disturbing accusations.
'Bob Hearts Abishola', the acclaimed comedy, is signing off after its fifth season on CBS.