Inflation surged in September as U.S. energy costs jumped
Gas prices, which jumped 9.1% in September from August, accounted for more than half the monthly rise in inflation.
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Gas prices, which jumped 9.1% in September from August, accounted for more than half the monthly rise in inflation.
The real estate market is especially tough for first-time homebuyers like Shruti Chauhan, who has been hunting for years.
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.
Mortgage rates plunged this week in the biggest one-week drop since 2022. This is the second week that rates have decreased after rising for seven consecutive weeks. Business and financial journalist Kristin Myers joined CBS New York to break this all down. Read more: https://cbsloc.al/3st3Mcx
"Even places that historically have been affordable now need six figures," according to Redfin's chief economist.
After 10 straight interest-rate hikes, borrowers face sharply higher costs for credit cards, mortgages and other loans.
With real estate season in full swing, we hear from CBS News Business Analyst Jill Schlesinger for a look at the current market.
Surge in borrowing costs is pushing some buyers out of the market, while sellers face a quandary.
Economists expect a sharp increase in borrowing costs. That could impact credit cards, loans and other debt.
