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.
Mortgage rates jumped higher on Monday following Moody's downgrade of U.S. debt, adding to the headwinds facing homebuyers.
Kris Lindahl talks about what the current environment will mean for prospective sellers, buyers and refinancers the rest of this year.
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.
The median mortgage payment jumped to a record $2,843 in April, up nearly 13% from a year ago, a new analysis finds.
In a positive sign for the housing market, a growing number of consumers think mortgage rates are likely to decline this year.
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 rate for a 30-year home loan crossed the 8% threshold this week, deepening the affordability crisis for homebuyers.
The average interest rate on a typical mortgage is now 7.49%, worsening the nation's housing affordability crunch.
In Northern California, home prices jumped during the pandemic. Since then, the region has seen some of the steepest price declines in the country.
After 10 straight interest-rate hikes, borrowers face sharply higher costs for credit cards, mortgages and other loans.
The average first-time homebuyer puts from 5% to 7% down. In the first quarter of 2023, that amounted to $24,000. More local homebuyers who can't afford a down payment that large are asking about the 1% option.
Beginning May 1, some people with higher credit scores may actually end up paying a higher fee.
Surge in borrowing costs is pushing some buyers out of the market, while sellers face a quandary.
Interest rate on a typical 30-year mortgage rate has jumped by more than a quarter-point this week to 6.29%.
Borrowing costs for a conventional home loan have more than doubled over the last year.
As the strikes from U.S. and Israel continue, and Iran strikes back, the violence and turmoil could have significant worldwide ramifications.
The Minnesota Timberwolves have moved a game ahead of Denver in the Western Conference with a 117-108 win over the Nuggets.
We'll warm into the 40s and 50s through midweek.
Pavel Buchnevich scored late in the third period and the St. Louis Blues snapped a 10-game road losing streak by beating the Minnesota Wild 3-1.
Day 3 of the U.S.-Israeli war on Iran sees America's military death toll rise to four, and skies full of missiles as Persian Gulf allies take hits.
A big hockey fan now owns an iconic piece of the Minnesota Wild.
Minneapolis police need help solving a brutal attack that left a 45-year-old man in a coma.
Operation Metro Surge ended around mid-February, and there has been a significant drawdown of federal agents, but the need for rent and grocery assistance remains high.
The sheriff's office says 38 people were cited and released, and one person was jailed for riot.
A former Oakdale, Minnesota, police officer has been sentenced to one year of probation for misconduct after he failed to report he had been making repeated calls to a person with known mental health issues while on duty.
The East Range Police Department says Sgt. Cody Siebert's death was unexpected.
The National Weather Service says Saturday's band of snow left behind about 4 to 6 inches of light, fluffy snow.
The U.S. and Israel announced a major military operation against Iran early Saturday. President Trump threatened the Iranian government for weeks over their nuclear program and Iran's violent crackdown on protesters in January.
Wintery weather returns this weekend.
A 69-year-old man has been arrested after a Lakeville, Minnesota, woman's death was ruled a homicide, the Wabasha County Sheriff's Office said Friday.
A judge has sentenced a Wisconsin man who forged threats against President Donald Trump as part of a deportation scheme to 16½ years in prison.
A fire at a hotel in Superior, Wisconsin, Monday night left one person hurt and forced guests to move to new lodgings.
Excitement is in the air in northern Wisconsin with the 52nd annual American Birkebeiner underway.
The longest-serving Assembly speaker in Wisconsin history, who acted as a block on the battleground state's Democratic governor and also drew the ire of President Donald Trump, isn't running again.
Wisconsin Republicans who long blocked a bipartisan measure to expand postpartum Medicaid coverage plan to pass the measure following pressure from Democrats.
People from across the nation are traveling to the Twin Cities, but not as tourists. Many want to learn in person from Minnesota protestors to bring that knowledge back to their own cities.
The Edina wife and mother of three said she felt called to go and protest in south Minneapolis after learning that Alex Pretti had been shot and killed by two Border Patrol agents.
Tuesday afternoon, more than 20 people gathered on the Highway 62 bridge between Minneapolis and Richfield after a small protest sparked a confrontation there last week.
Karmel Mall has been mostly silent, with shops closed at the building on East Lake Street. Operation Metro Surge has caused many Somalis to stay home.
The ongoing presence of ICE and federal law enforcement in the Minneapolis area has kept many immigrants at home for fear of being arrested. Now, their neighbors are crowdsourcing to cover their rent.
The president told the New York Times that joint strikes may not end for four to five weeks.
The month of March will be a pivotal one as Minnesota attempts to emerge from the shadow of massive fraud.
The month of March will be a pivotal one as Minnesota attempts to emerge from the shadow of massive fraud.
The first of the month marks a strenuous time for some, especially immigrant families who need to pay rent. These costs were covered as donations came pouring in to mutual aid groups at a high rate in January, when Operation Metro Surge was unfolding in Minnesota. WCCO's Marielle Mohs checks in on where those donations and the need stand now.
"Sadly, there will likely be more before it ends. That's the way it is. Likely be more," President Trump said after mentioning the three U.S. service members killed in the operation.
As the strikes from U.S. and Israel continue, and Iran strikes back, the violence and turmoil could have significant worldwide ramifications.
On Friday, hundreds of leaders from Minnesota food banks and food shelves came together in Brooklyn Center. Their goal is to find the best ways to help hungry families in the aftermath of Operation Metro Surge, and while food prices remain high.
Target will stop selling its entire assortment of cereal with certified synthetic colors by the end of May.
Consumers are urged to stop using the pressure cookers and dispose of them immediately.
The U.S. Supreme Court struck down a key part of President Trump's economic plan late last week: tariffs. But the president fought back, slapping a 15% global tariff on imported goods.
Minneapolis police need help solving a brutal attack that left a 45-year-old man in a coma.
A former Oakdale, Minnesota, police officer has been sentenced to one year of probation for misconduct after he failed to report he had been making repeated calls to a person with known mental health issues while on duty.
A 25-year-old man reached a deal to plead guilty to first-degree manslaughter in the shooting death of a 17-year-old girl in Brooklyn Park, Minnesota, last summer.
The man who killed two and wounded 14 also had photos of Iranian leaders in his home, a source said.
A teenager who has admitted to shooting and killing another teen in Minneapolis, for now, is not expected to spend any time in an adult prison. The family of the victim is distraught.
Target will stop selling its entire assortment of cereal with certified synthetic colors by the end of May.
The Minnesota Department of Health said there have been 10 reported cases in the state so far this year. There were five cases as of the last update, which came on Feb. 19.
Democratic Minnesota Gov. Tim Walz laid out his anti-fraud legislative package on Thursday, one day after the White House paused $259 million in federal Medicaid payments to the state until a comprehensive action plan is laid out to fight fraud.
Vice President JD Vance says the Trump administration will "temporarily halt" some Medicaid funding to the state of Minnesota over fraud concerns.
Hennepin County leaders, along with top brass from Minneapolis' Hennepin County Medical Center, opened the books in front of a panel of Minnesota senators Wednesday.
Hillary Knight, Megan Keller and Jack and Quinn Hughes made a surprise appearance during "Heated Rivalry" star Connor Storrie's opening monologue on "SNL."
As a musician and performer, Prince showed a generation that being different wasn't a liability. Now, an author and illustrator are telling the story of Prince's life in a new children's book.
A 19th-century George Méliès film, thought to be long lost, has been found among a box of brittle movie reels that a Michigan donor brought to the Library of Congress, officials said.
Bobby J. Brown's breakout role was as a police officer on HBO's "The Wire." He appeared in 12 episodes across four seasons.
Streaming giant Netflix declined to match Paramount Skydance's $31 per share offer for Warner Bros. Discovery.
The Minnesota Timberwolves have moved a game ahead of Denver in the Western Conference with a 117-108 win over the Nuggets.
Pavel Buchnevich scored late in the third period and the St. Louis Blues snapped a 10-game road losing streak by beating the Minnesota Wild 3-1.
Sophie Hart scored 17 points, Amaya Battle added 10 of her 16 points in the second half and No. 22 Minnesota beat Illinois 78-73 in the regular-season finale for both teams to clinch a double-bye in the Big Ten Tournament.
Ann-Renée Desbiens made 17 saves for her fourth shutout of the season and the Montreal Victoire beat the Minnesota Frost 4-0 on Sunday to take the PWHL lead.
Bobby Durkin, Cade Tyson and Langston Reynolds combined to score 65 points to lead Minnesota past UCLA 78-73 on Saturday.
The month of March will be a pivotal one as Minnesota attempts to emerge from the shadow of massive fraud.
The month of March will be a pivotal one as Minnesota attempts to emerge from the shadow of massive fraud.
In the aftermath of Operation Metro Surge, a bill to make it easier for someone to sue the federal government is advancing at the Minnesota Capitol.
Two major priorities are on a collision course in the Minnesota Legislature.
The GOP is promoting an aggressive anti-fraud agenda while the DFL is hammering hard on the immigration crackdown and the continuing fallout.
In St. Louis Park, Minnesota, there's a place where you can find radio and television technology that's nearly a century old — and it still works.
One of the best views in Minnesota is at the top of a Bloomington hill. But 15-year-old Jacob Larson isn't here for the scenery. He's here for the jump.
Pine trees are a common sight up north. But on a Carlton, Minnesota, road, they're joined by giant lollipops. They serve as the welcoming committee for Sweetly Kismet, one of the largest candy stores in the state.
John Lauritsen shares the story behind a massive snow sculpture that's now become a winter destination.
Northland Arboretum was built half a century ago on top of what was once a city dump. But over time, nature carved its own path with a little help from a Zamboni.
Traveling is already stressful, especially flying, but the deadly conflict south of the border might have some travelers second-guessing their upcoming trips.
Drivers beware. Cities are seeing an uptick in stolen cars this winter.
On the first day of the Minnesota Legislature, artificial intelligence is giving visitors and lawmakers at the State Capitol a new sense of security.
From the flu to the common cold, viruses keep knocking out Minnesotans this winter. A physician with Hennepin Healthcare breaks down how long an individual may be contagious after they start to feel better.
White House border czar Tom Homan, without offering further explanation, claimed the federal immigration operation in Minnesota uncovered thousands of missing children in the state, but it's likely related to a much larger number the administration has been touting for a few years.
Minnesotans got a great view of the northern lights Tuesday night.
A look at the newest addition to the polar bear population at St. Paul, Minnesota's Como Zoo.
From food shelves to school programs, our team is proud to serve where it matters most.
The Minnesota State Fair has unveiled its new food, drinks and vendors for 2025.
A suspect was taken into custody after an attack on Pearl Street Mall in Boulder on June 1 in which there were 15 people and a dog who were victims. The suspect threw Molotov cocktails that burned some of the victims, who were part of a march for Israeli hostages.
We'll warm into the 40s and 50s through midweek.
In Minnesota, weather can be all over the place. Here at WCCO, we want to give you what you need to prepare for what's happening next.
Monday begins a weeklong warm-up in Minnesota.
WCCO meteorologist Lisa Meadows says we will begin to warm tomorrow with some rain possible later in the evening.
The National Weather Service says Saturday's band of snow left behind about 4 to 6 inches of light, fluffy snow.
Many Iranians in Minnesota are torn between hope for change and worry for loved ones caught in the middle, plus more of the day’s top stories.
The president told the New York Times that joint strikes may not end for four to five weeks.
The month of March will be a pivotal one as Minnesota attempts to emerge from the shadow of massive fraud.
As the strikes from U.S. and Israel continue, and Iran strikes back, the violence and turmoil could have significant worldwide ramifications.
Monday begins a weeklong warm-up in Minnesota.