Mortgage rates are surging, foiling homebuyers' best-laid plans
Interest rates for a typical home loan jumped Thursday to 6.46%, the highest level since September 2025. House-hunters aren't pleased.
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Interest rates for a typical home loan jumped Thursday to 6.46%, the highest level since September 2025. House-hunters aren't pleased.
Mortgage rates, though still well below their level a year ago, have edged up since the Iran war erupted. Here's why.
A new report from Realtor.com projects that the housing market will shift in a more buyer-friendly direction in 2026.
A growing number of Americans, squeezed by inflation and elevated interest rates, face the risk of losing their home in foreclosure.
Personal finance site SmartAsset ranked these cities as the best markets for first-time buyers in terms of affordability and other factors.
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.
The median mortgage payment jumped to a record $2,843 in April, up nearly 13% from a year ago, a new analysis finds.
"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.
Homebuyers are continuing to struggle with rising mortgage costs as interest rates are now the highest they've been in more than 20 years.
The 30-year fixed-rate mortgage averaged 7.09% in the week ending August 17, up from 6.96% the week before, according to data from Freddie Mac released Thursday. A year ago, the 30-year fixed-rate was 5.13%.
After 10 straight interest-rate hikes, borrowers face sharply higher costs for credit cards, mortgages and other loans.
Starting Monday, a little-known mortgage surcharge is changing. It could help those with lower credit scores lower their costs, but raise them for borrowers with stronger credit scores.
A little-known surcharge set to change on May 1 could impact consumers in different ways.
Mortgage rates dropped this week in the wake of several bank failures, reversing course after rising half a percentage point over the past month.
Average home loan costs haven't been this high since the U.S. economy was reeling from the Sept. 11 attacks.
Two deputies fired their weapons at a suspect wanted on an arrest warrant for kidnapping and lewd acts on a child following a multi-county pursuit in Northern California, deputies said.
The Trump administration is proposing wastewater testing to try to ferret out data on illegal drug use in real time, according to a draft of a new drug control strategy obtained by CBS News. It also proposes using AI to track threats.
Nick Kurtz drew a walk for his 19th consecutive game and hit a two-run double, helping the Athletics defeat the Kansas City Royals 6-3.
A multi-vehicle crash on Interstate Highway 580 in Livermore on Thursday morning left one person dead, and authorities were seeking the public's help to find a semi-truck that left the scene.
A Stockton church says it has suffered more than $500,000 in damage and theft, which leaders attribute to a nearby homeless encampment that has grown over the years.
The more than 500-page budget outlines the plan to bridge the funding gap by eliminating 46 filled positions.
Arrests have now been made in a March shooting in Sacramento County that left a woman caught in the crossfire dead.
Two deputies fired their weapons at a suspect wanted on an arrest warrant for kidnapping and lewd acts on a child following a multi-county pursuit in Northern California, deputies said.
The Trump administration is proposing wastewater testing to try to ferret out data on illegal drug use in real time, according to a draft of a new drug control strategy obtained by CBS News. It also proposes using AI to track threats.
Nick Kurtz drew a walk for his 19th consecutive game and hit a two-run double, helping the Athletics defeat the Kansas City Royals 6-3.
After postponing its originally planned 2025 stop in the capital city, X Games is moving forward with its return to Sacramento this summer — now with a major music lineup attached.
Opening statements began in the trial of two people charged in the 2022 K Street shooting, the deadliest mass shooting in Sacramento's history.
The aerial dance troupe Bandaloop dangled from the side of Sacramento's Memorial Auditorium as part of this year's celebration. Artists from across the state attended an awards ceremony marking the 50th anniversary of the California Arts Council.
A domestic violence suspect who was barricaded in a home in Sacramento for hours overnight was arrested early Monday morning, police said.
Gunther's Ice Cream remained open as usual on Saturday following a fire that happened just outside the Sacramento staple.
The new Department of Motor Vehicles regulations allow law enforcement agencies to issue notices of traffic violations to autonomous vehicle companies when their cars commit moving violations.
A massive sea lion is stealing all the attention at San Francisco's Pier 39, along with most of the dock.
A United Airlines flight from San Francisco reported a close call with a drone as it was approaching to land in San Diego, authorities said.
Get ready for what could become a high-stakes "billionaire battle" on California's ballot.
The 35-year-old mystery of who kidnapped and murdered Northern California mother has been solved after advanced DNA analysis led to the arrest of a suspect and an accessory.
Nick Kurtz drew a walk for his 19th consecutive game and hit a two-run double, helping the Athletics defeat the Kansas City Royals 6-3.
After postponing its originally planned 2025 stop in the capital city, X Games is moving forward with its return to Sacramento this summer — now with a major music lineup attached.
Bobby Witt Jr. hit a three-run homer in the 10th inning, Salvador Perez had a solo shot and the Kansas City Royals beat the Athletics 4-1 on Tuesday night for their fourth straight victory.
Landen Roupp held Miami to two hits in 7 2/3 innings and Casey Schmitt hit a go-ahead home run for the second straight game as the San Francisco Giants beat the Marlins 6-3.
Casey Schmidt hit a two-run homer, Drew Gilbert and Heliot Ramos added solo shots and the San Francisco Giants beat the Miami Marlins 6-2 on Saturday.
The Trump administration is proposing wastewater testing to try to ferret out data on illegal drug use in real time, according to a draft of a new drug control strategy obtained by CBS News. It also proposes using AI to track threats.
Test strips cost about $1 each and can be used to check drugs for dangerous contaminants, including fentanyl and xylazine.
The longest shutdown of a federal department in U.S. history came to an end on Thursday when President Trump signed a bill to fund most of the Department of Homeland Security following a breakthrough on Capitol Hill.
The budget blueprint is the first step in Republicans' two-pronged plan to end the Department of Homeland Security shutdown.
The primary election in California's gubernatorial contest is just over a month away, and the race remains wide open.
Food containing norovirus may smell and taste normal but still cause serious illness if consumed, FDA warns.
HHS Secretary RFK Jr. wants the popular coffee chains to prove their surgery drinks are safe for teens and suggested the Trump administration could place limits on your cup of coffee.
Public health officials say they've confirmed two cases of measles in Sacramento County.
Multiple elephant seal pups along the Northern California coast have tested positive for the deadly avian influenza, or bird flu, according to new research from the University of California.
Here's what to know about TrumpRx, including how it works, who can use it, and how much money it can save.
Finding the perfect dress isn't easy, but now, selling them could become a lot more challenging.
This weekend, Placer County is hosting its annual Sip Into Spring event, offering free or discounted tastings at more than 20 wineries along what's known as the Placer Wine Trail.
From fruits and veggies to car parts, economists project that businesses will pass along the cost of the tariffs to customers.
An economic blackout was underway Friday as activists nationwide encouraged people not to spend their money at large corporations, retailers and fast-food chains for 24 hours.
San Joaquin County's retail theft reporting app has only been around for six months and is already bringing a sense of calmness to local business owners.
President Trump and Gov. Gavin Newsom have made several different claims about California gas prices. Here's what we found.
This year-long investigation provides an unprecedented look at California's one-party supermajority legislature through the eyes of grieving parents who discover how California lawmakers kill popular bills by not voting.
This year-long investigation by CBS News California investigative correspondent Julie Watts examines the many components of California's new tougher-on-crime law.
A Natomas mother demanded that her daughter be exhumed and cremated after a Sacramento cemetery moved her grave without telling the family.
The California Highway Patrol captain accused of workers' compensation fraud was the commander in charge of the fatal Mahaney Park shootout in Roseville, three officers who worked under him at the time of the shootout said.
CBS13 and the Call Kurtis consumer investigative team devised an idea on how to lower what consumers owe on their credit cards -- and it begins with a simple phone call.
No one wants to think about death. However, it's important to plan on what happens to your digital assets after you die.
After spending $18,000 on waterproof laminate floors, a Natomas couple spotted damage after the first cleaning.
More than a year after Hai Pham canceled the trial membership, he kept getting charged every month for it.
A Natomas mother demanded that her daughter be exhumed and cremated after a Sacramento cemetery moved her grave without telling the family.
Six months after a California wildfire destroyed dozens of homes in the Tuolumne County community of Chinese Camp, officials say debris removal is now complete and properties are being returned to their owners.
A man has been arrested and charged in connection with the Tiger Fire that burned 118 acres in California's Amador County last summer and forced evacuations near Pioneer.
A major home developer is rethinking how communities are built in wildfire-prone areas and the future is taking shape in El Dorado County.
San Joaquin County secured a grant aimed at helping to build a wildfire protection plan for the entire county.
More than two dozen structures were destroyed in a wildfire in the eastern Sierra Nevada mountains on Wednesday afternoon, officials said.
A Sacramento County dog picked up thousands of miles from home after he went missing five years ago was reunited with his family on Wednesday.
What started as a suspicious circumstances call for Rancho Cordova police ended with a newborn surprise.
A once-empty lot behind Church of the Cross in north Modesto now hosts a thriving community garden with more than 140 plots and growers from across the globe.
A Sacramento-area middle school history and English teacher is in the running to win big as America's Favorite Teacher, a title her students think she is more than worthy of being awarded.
Junior Romello Bruhn of Woodland Christian High School is closer than ever to scoring 3,000 career points, something only 13 high school athletes have accomplished in California state history.
The Golden State Valkyries are looking to build off their inaugural season.
Steve Large reports.
Photojournalist Dave McCain reports.
Amid a budget deficit in the City of Sacramento, the city could slash dozens of park maintenance jobs to help close the gap.
Here is the full May 2026 episode of What's in Season with Michael Marks.