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.
Committed to staging a legitimate competition for their starting quarterback position, at least during this less-urgent part of the offseason, the Vikings have divided the time in drills with the first team between Kyler Murray and incumbent J.J. McCarthy. That's the way they'll start training camp next month, too.
The Minneapolis City Council on Thursday struck down Mayor Jacob Frey's selection of the Minnesota Agape Movement for exclusive development rights at the intersection where George Floyd was killed by police.
The SpaceX CEO's fortune on paper now rivals the annual economic output of many countries, according to World Bank data.
It'll also be the warmest day for a while, with plenty of sunshine and temps possibly entering the 80s. After that, we'll enter a stretch of low 70s.
This Sunday marks one year since a shocking act of political violence stunned the state. In court Thursday, the accused assassin confessed to murdering the former House Speaker and her husband. He also pleaded guilty to shooting another DFL lawmaker and his wife and confessed to attempting to shoot their daughter.
The Minneapolis City Council on Thursday struck down Mayor Jacob Frey's selection of the Minnesota Agape Movement for exclusive development rights at the intersection where George Floyd was killed by police.
It'll also be the warmest day for a while, with plenty of sunshine and temps possibly entering the 80s. After that, we'll enter a stretch of low 70s.
This Sunday marks one year since a shocking act of political violence stunned the state. In court Thursday, the accused assassin confessed to murdering the former House Speaker and her husband. He also pleaded guilty to shooting another DFL lawmaker and his wife and confessed to attempting to shoot their daughter.
At a downtown Minneapolis watch party, fans cheered on Mexico in the tournament's opening match on Thursday. 48 teams will face off in over 100 matches for the World Cup title.
Could baby owls and eagles be the key to stopping the spread of bird flu? The Raptor Center at the University of Minnesota in St. Paul is hoping their research can help turkey farmers.
It'll also be the warmest day for a while, with plenty of sunshine and temps possibly entering the 80s. After that, we'll enter a stretch of low 70s.
Two men on a Minnesota trail helped rescue a missing woman who had been stuck in the mud for three days.
School's out, summer's here, and if you're heading to the lake on Highway 10, you may just stumble upon hidden treasure.
Two women were involved in a deadly head-on crash Tuesday night in Chisago City, Minnesota.
On Saturday, the landscape of the park will become part of the art itself during "Prairie Dreams: A Trail of Quilts." Over 120 quilts will be displayed along a trail through the park.
Two women were involved in a deadly head-on crash Tuesday night in Chisago City, Minnesota.
Attorneys for Salah Sarsour, president of Wisconsin's largest mosque, told a federal judge he has lost 30 pounds and is not receiving consistent medical care for Type 2 diabetes while held in an Indiana jail.
President Trump was in western Wisconsin Friday afternoon to host a roundtable on farming at Custer Farms in Chippewa Falls.
A federal judge heard arguments Wednesday on whether to throw out former Wisconsin Judge Hannah Dugan's felony obstruction conviction, postponing her sentencing indefinitely while he considers the matter.
A Minnesota man was arrested in Wisconsin Saturday afternoon for allegedly driving under the influence with four children inside his car, officials say.
On the Lake Harriet shoreline in Minneapolis Saturday evening, dozens of children picked up a fishing rod for the first time.
Hours after the announcement, community members were eager to learn more about the one challenged with leading the most scrutinized police department in the country.
Created by Freedom Reads, a nonprofit organization in Connecticut, the Inside Literary Prize is the first major U.S. book award decided exclusively by incarcerated readers.
A 23-year-old man from Brooklyn Park, Minnesota, faces a criminal vehicular homicide charge after prosecutors say he hit and killed a person on a highway, then fled.
Quincy Street isn't just at the center of Art-A-Whirl, it's at the heart of the Arts District in northeast Minneapolis. The road itself, however, is falling apart. And the only thing bumpier than the exposed brick is the reaction to the city's plans to fix it.
The Minneapolis City Council on Thursday struck down Mayor Jacob Frey's selection of the Minnesota Agape Movement for exclusive development rights at the intersection where George Floyd was killed by police.
A plea agreement in the killing of former Minnesota House Speaker Melissa Hortman is bringing a mix of relief and emotion to the community she helped build.
Vance Boelter pleaded guilty to the shootings of two Minnesota lawmakers and their spouses on Thursday as part of an agreement with federal prosecutors.
The fragile U.S. ceasefire with Iran is on shaky ground after both nations traded another round of airstrikes.
It's been four months since the end of Operation Metro Surge, which took an enormous toll on many Twin Cities residents and businesses. Conor Wight shows us what that looks like as another business owner announces he's closing up shop.
Target is voluntarily recalling two types of baby wipes due to concerns that the products may be contaminated with bacteria that may cause "serious and life-threatening infections," the U.S. Food and Drug Administration said on Friday.
The dream of a woman in Minnesota started with excitement, but quickly unraveled into loss after she said she fell victim to a scheme that targeted more than 30 Spanish speakers.
For years, it was all hands on deck; a business model buoyed by a bevy of free time that sent sales surging in a way never before seen. But as Minnesota enters lake season, outdoor sales for boats, jet skis and more have almost dropped anchor.
Jester Concepts' Monday announcement noted that Borough will mark its remaining five weeks of service through June 27 with events celebrating the restaurant's history, and it encouraged customers to reserve tables during the final weeks.
The Minnesota Department of Agriculture has issued a consumer advisory for four products produced by Milkjam Creamery, an ice cream shop in Minneapolis, due to "the potential presence of metal fragments," the state agency said.
Minnesota Sen. John Hoffman's family released a statement Thursday afternoon addressing Vance Boelter's change of plea in federal court, saying that "there is not justice when our family and our state will never truly heal."
The state-level case against Vance Boelter — the man who pleaded guilty in federal court to shooting two Minnesota lawmakers and their spouses — will continue, Hennepin County Attorney Mary Moriarty announced Thursday afternoon.
Eat Street businesses in south Minneapolis are back open Wednesday after several had to shelter in place during Tuesday's standoff.
Vance Boelter pleaded guilty to the shootings of two Minnesota lawmakers and their spouses on Thursday as part of an agreement with federal prosecutors.
Officers with the Third Precinct responded to a reported shooting on the 1900 block of Chicago Avenue around 11 a.m.
Minnesotans weathered the third air quality alert triggered by ozone of the year Monday. If two more happen, it will tie the yearly record.
HCMC in Minneapolis got what they wanted, a large financial boost from lawmakers, and now the leaders of Minnesota's busiest trauma hospital say they'll put their money where their mouths are and get to work restructuring finances.
The studio also incorporates balance and cognitive training to help clients maintain stability and coordination as they age.
Minnesota officials say they have completed a review of almost 5,600 "high-risk Medicaid providers," part of an effort to stave off the federal government's freezing of $2 billion in funding.
Minnesota state officials are feeling pressure from the federal government, working to revalidate thousands of Medicaid providers who operate in programs that are at high-risk for fraud.
There's plenty to do in Minnesota this weekend, including some major anniversary parties, Maple Grove's ever-popular Chalkfest and much more!
Anthony Head played librarian and mentor Rupert Giles in "Buffy the Vampire Slayer" and recently appeared in "Ted Lasso."
Everywhere you look in downtown Minneapolis, people are sporting purple in honor of Prince.
Chicago Bears quarterback Caleb Williams is on the cover of Madden NFL 27, the first Bear ever to grace the primary cover of the massively popular video game.
Wednesday is the beginning of a five-day celebration of the icon we know, love and miss: Prince.
Committed to staging a legitimate competition for their starting quarterback position, at least during this less-urgent part of the offseason, the Vikings have divided the time in drills with the first team between Kyler Murray and incumbent J.J. McCarthy. That's the way they'll start training camp next month, too.
Ahead of the 2026 Special Olympics games, some young Special Olympians had an awesome Thursday on the court with the Minnesota Lynx.
Hundreds of concessions workers at Target Field say they're planning a strike starting next week, when the Los Angeles Dodgers come to play the Minnesota Twins.
Spencer Torkelson hit one of Detroit's six homers and the Tigers rolled to an 11-0 win over the Minnesota Twins.
The U.S. men's national soccer team kicks off its 2026 World Cup campaign against Paraguay at SoFi Stadium on Friday.
After disputes about ballots and concerns about voting totals, businessman Kendall Qualls won the endorsement.
Minnesota's endorsing conventions are over, and the story of the weekend is the upset of House Speaker Lisa Demuth in the GOP governor's race.
Minnesota's election season officially kicks off this week as both major parties hold conventions to endorse candidates for governor and U.S. Senate, with competitive battles on the Republican side and clearer paths for Democrats.
Both parties begin the endorsement process today in Rochester and Duluth, with the August primary just two months away.
Friday, the Democratic and Republican parties begin the process of endorsing nominees for statewide offices.
School's out, summer's here, and if you're heading to the lake on Highway 10, you may just stumble upon hidden treasure.
Nearly 40 years ago, a building was sent over piece by piece from Norway to a farm in Chippewa County, Minnesota. It's one of the only stabburs in the United States.
Minneiska, Minnesota, is a small river town on Highway 61 near the Mississippi River, but at one point it was home to a castle.
The sign is 51 feet tall and 63 feet wide. And when it was built 85 years ago it was one of the largest neon signs in the entire country.
There's a place in Wabasha County, Minnesota, where people go wild for wildflowers.
Minnesotans weathered the third air quality alert triggered by ozone of the year Monday. If two more happen, it will tie the yearly record.
Milder winters mean more ticks survive to the following spring, and a southern species that can trigger a red meat allergy is now gaining ground in Minnesota as a result.
She didn't win her party's endorsement, but Republican Lisa Demuth plans to keep running for governor anyway. History shows that might actually work in her favor.
Cops are cracking down on a popular way to pedal around town.
If you're holding back on spending or worried about losing your job, you are not alone. U.S. consumer sentiment just hit an all-time low this month.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
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.
It'll also be the warmest day for a while, with plenty of sunshine and temps possibly entering the 80s. After that, we'll enter a stretch of low 70s.
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.
Cooler air and low humidity will make for a pleasant Friday, with the possibility for some passing showers late in the evening.
Rain clears out tonight. Friday will be the warmest day for a while. Chief meteorologist Chris Shaffer breaks down the next few days and shares some shocking low temperatures.
Tomorrow will be pleasant with highs in the 80s. Cooler weather on the way.
The Minneapolis City Council on Thursday struck down Mayor Jacob Frey's selection of the Minnesota Agape Movement for exclusive development rights at George Floyd Square.
The man convicted in the Minnesota lawmaker attacks is waiting to learn his fate. Boelter changed his plea to guilty on Thursday.
Cooler air and low humidity will make for a pleasant Friday, with the possibility for some passing showers late in the evening.
If you need something to do this weekend, the WCCO Morning crew has ideas for you.
Rain clears out tonight. Friday will be the warmest day for a while. Chief meteorologist Chris Shaffer breaks down the next few days and shares some shocking low temperatures.