Mortgage rates surge to highest level since 2000
Interest rates for a home loan are continuing to soar, driving many aspiring property owners out of the market.
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Interest rates for a home loan are continuing to soar, driving many aspiring property owners out of the market.
Although inflation has slowed sharply, Fed officials are again tapping the brakes to ensure the economy slows.
Silicon Valley Bank failed because regulators were far too slow to take action, San Francisco Federal Reserve Bank President Mary Daly said Monday in her first extended remarks about the collapse.
Americans are still spending as inflation has finally shown signs of cooling. Still, there are some troubling economic signs. Mark Strassmann breaks it all down.
After 10 straight interest-rate hikes, borrowers face sharply higher costs for credit cards, mortgages and other loans.
With inflation finally falling from last year's record highs, the Federal Reserve declined to raise key interest rates for the first time in 15 months. Natalie Brand reports on how the move will affect consumers and whether we could see more rate hikes in the future.
The U.S. averted disaster by raising the debt ceiling, but a mild recession is still possible even as job numbers remain hot, according to the head of Bank of America. Mark Strassmann breaks down how the U.S. economy is doing.
Latest hike brings the U.S central bank's benchmark interest rate to its highest level in 16 years.
FDIC Chairman Martin Gruenberg estimated about $20 billion would be needed to cover the collapse of Silicon Valley Bank.
Credit card debt among Americans is nearing the trillion-dollar mark. And with the recent interest rate hike, Americans can look forward to higher interest rates. Tanya Rivero has the latest.
The U.S. central bank eases up its efforts to curb inflation amid concerns about banking industry risks.
The Federal Reserve is facing stinging criticism for missing what observers say were clear signs that Silicon Valley Bank was at high risk of collapsing into the second-largest bank failure in U.S. history.
After last week's collapse of Silicon Valley Bank, President Joe Biden urged calm and said there would be accountability. Meanwhile, account holders lined up at bank headquarters to withdraw their money after the federal government guaranteed deposits. Nicole D'Antonio and Devin Fehely reports. (3/13/23)
Rates are at their highest level in 15 years as policymakers try to tamp down inflation without torpedoing the economy.
Latest jump is the fourth supersized rate hike this year, as the central bank tries to subdue stubbornly high inflation.
Jill Schlesinger reports on the impacts of the latest interest rate hike by the Fed on consumers (9-22-2022)
Naomi Ruchim reports on effort by Feds to curb inflation by hiking interest rates (9-21-2022)
Borrowing costs rose to their highest level in 14 years, and more interest-rate hikes are likely, Fed signaled.
The Federal Reserve, as expected, announced it is raising interest rates by three-quarters of a percentage point to help tamp down inflation. CBS News' Tanya Rivero and Christina Ruffini get analysis of the economic and political impact from Ted Rossman, senior industry analyst at Bankrate.com; CBS News political correspondent Caitlin Huey-Burns; and Michelle Singletary, Washington Post personal finance columnist.
The rise in the federal funds rate, which is what banks charge each other for overnight loans, comes as several significant pieces of economic data are released this week.
CBS News business analyst Jill Schlesinger talks about impact the Federal Reserve's .75% interest rate hike will have (6-16-2022)
The Federal Reserve made its most aggressive move yet to tamp down inflation Wednesday, by raising the interest rate by three-quarters of a percentage point.
The Federal Reserve made its most aggressive move yet to tamp down inflation Wednesday, by raising the interest rate by three-quarters of a percentage point. Andrea Nakano reports. (6/15/22)
For anyone used to the Bay Area housing market being white hot, the idea of a buyer's market is unfathomable. But with interest rates rising and more homes coming online, a cool-off might be underway.
"Inflation is much too high," Fed Chair Jay Powell said of the U.S. central bank's largest rate hike since 1994.
Some people in West Oakland are encouraged to keep their windows shut overnight as crews are battling a fire at the old trestles near the East Bay Municipal Utility District property.
A 33-year-old mother whose children died in a house fire in Richmond earlier this week has died, bringing the fire's death toll up to four.
A suspect was arrested in a shooting last August in a Fairfield parking lot that left a teen dead, police said on Saturday.
The Amber Alert was issued around 7 a.m. in Alameda and Santa Clara counties, and the CHP deactivated the alert a few hours later, saying she was located.
One year after a deadly apartment fire in San Rafael killed two women and two cats, the investigation into what happened remains ongoing, with the victims' families still waiting for answers.
Some people in West Oakland are encouraged to keep their windows shut overnight as crews are battling a fire at the old trestles near the East Bay Municipal Utility District property.
A 33-year-old mother whose children died in a house fire in Richmond earlier this week has died, bringing the fire's death toll up to four.
A suspect was arrested in a shooting last August in a Fairfield parking lot that left a teen dead, police said on Saturday.
The Amber Alert was issued around 7 a.m. in Alameda and Santa Clara counties, and the CHP deactivated the alert a few hours later, saying she was located.
One year after a deadly apartment fire in San Rafael killed two women and two cats, the investigation into what happened remains ongoing, with the victims' families still waiting for answers.
Users chat with an AI chatbot about what they're looking for, and Ditto handles the rest.
Two employees of a navigation center serving San Francisco's homeless population have been arrested for allegedly harboring a man charged in the shooting of a police officer, the department said.
A group of protesters who blocked San Francisco's Golden Gate Bridge in 2024 to protest Israel's war in Gaza were sentenced on Friday to one month in jail following their convictions on misdemeanor charges last month.
An 18-year-old suspected in a hit-and-run that killed a motorcyclist on the Peninsula early Thursday morning was arrested about 200 miles away in Central California, authorities said.
Authorities in the East Bay arrested four people suspected of attempted robbery on the Peninsula Thursday afternoon.
Some people in West Oakland are encouraged to keep their windows shut overnight as crews are battling a fire at the old trestles near the East Bay Municipal Utility District property.
A 33-year-old mother whose children died in a house fire in Richmond earlier this week has died, bringing the fire's death toll up to four.
The Amber Alert was issued around 7 a.m. in Alameda and Santa Clara counties, and the CHP deactivated the alert a few hours later, saying she was located.
A shooting at a home in Fremont left one person dead and multiple suspects detained, according to police.
Authorities in the East Bay arrested four people suspected of attempted robbery on the Peninsula Thursday afternoon.
Firefighters on Friday continued their efforts to contain the Timber Fire burning in California's Big Sur, as the firefight is set to enter its third week.
Authorities in the South Bay said they arrested two women after hundreds of pounds of copper wire was found inside a vehicle over the weekend.
An investigation into a fatal hit-and-run crash on U.S. Highway 101 in East Palo Alto Thursday morning led California Highway Patrol officers to a neighborhood in Sunnyvale, authorities said.
Police in San Jose have launched an investigation after human skeletal remains were found Tuesday afternoon.
The San Jose Earthquakes hired Gavin Wilkinson this month to come in as a consultant on roster management to Bruce Arena. It's Wilkinson's past with the Portland Timbers and Thorns that has sparked outrage among some fans.
One year after a deadly apartment fire in San Rafael killed two women and two cats, the investigation into what happened remains ongoing, with the victims' families still waiting for answers.
As cities across California struggle to meet state housing goals, Habitat for Humanity Greater San Francisco is moving forward with plans to build what would become the largest affordable homeownership community in Marin County.
St. Helena residents say they are still dealing with discolored, foul-smelling water months after the city's water system came under scrutiny in a Napa County Civil Grand Jury report.
Drivers who rely on Interstate 80 between Solano County and the East Bay should expect delays this weekend, as Caltrans is set to close the westbound direction of the Carquinez Bridge for repaving.
A 9-year-old boy crossing a Santa Rosa street on Tuesday night was struck by a passing vehicle, leaving him with significant injuries, aurhorities said.
The Athletics' stadium on the Las Vegas Strip is taking shape with the addition of a second steel truss arch.
Jacob Cowing returned a punt for an 83-yard touchdown, Eddy Pineiro kicked a pair of field goals and the San Francisco 49ers beat the Los Angeles Chargers 41-17 on Thursday night in a preseason game.
The San Francisco 49ers will have a few more starters making their preseason debut in a matchup with the Los Angeles Chargers on Thursday at SoFi Stadium in Inglewood, California.
The San Jose Earthquakes hired Gavin Wilkinson this month to come in as a consultant on roster management to Bruce Arena. It's Wilkinson's past with the Portland Timbers and Thorns that has sparked outrage among some fans.
Joseph Paintsil scored a short-handed goal in the 79th minute to rally the Los Angeles Galaxy to a 1-0 victory over the San Jose Earthquakes.
A 33-year-old mother whose children died in a house fire in Richmond earlier this week has died, bringing the fire's death toll up to four.
A suspect was arrested in a shooting last August in a Fairfield parking lot that left a teen dead, police said on Saturday.
The Amber Alert was issued around 7 a.m. in Alameda and Santa Clara counties, and the CHP deactivated the alert a few hours later, saying she was located.
A shooting at a home in Fremont left one person dead and multiple suspects detained, according to police.
Two employees of a navigation center serving San Francisco's homeless population have been arrested for allegedly harboring a man charged in the shooting of a police officer, the department said.
Users chat with an AI chatbot about what they're looking for, and Ditto handles the rest.
Walmart will let shoppers use tap-to-pay methods, including Apple Pay and Google Pay, beginning later this month.
The Justice Department sued TikTok in 2024, alleging that it violated a U.S. law prohibiting the collection of kids' data.
Consumer advocates are urging the FTC to examine whether AI developers are hurting competition and reducing public access to source material.
One woman is speaking out after she was secretly filmed, saying that technology like Meta's AI-powered smart glasses threatens personal privacy.
Moderna and Merck announced study results that reflect a "landmark moment" in treatment for one of the deadliest forms of skin cancer.
Multiple unpermitted street food vendors in Fairfield were cited for violations last week after inspections found them selling food unsafe for public consumption, authorities said.
After weeks of uncertainty, students at Richmond's John F. Kennedy High School will start their classes on schedule after weeks after toxic chemicals were found underneath the campus.
Sunnyvale police raided smoke shops across the city and seized thousands of illegal products over the past two months, the city's Department of Public Safety said.
Despite a rash of foodborne illnesses in recent months, one expert said the nation's food supply is "remarkably safe." Here's what to know.
The U.S. and Canada have wrangled for decades over trade, and somehow, they still managed to remain friends, allies and trading partners.
In what has become a debate garnering national attention over whether standardized testing should continue to be administered in schools, California legislators are urging the state's public universities to reconsider their policies on SAT and ACT scores.
A group of protesters who blocked San Francisco's Golden Gate Bridge in 2024 to protest Israel's war in Gaza were sentenced on Friday to one month in jail following their convictions on misdemeanor charges last month.
President Trump plans to award the Congressional Space Medal of Honor to the crew of NASA's Artemis II mission in a ceremony Aug. 28.
The partial term for California's 14th Congressional District ends January 2027, after which the candidate chosen in the November election will serve the next full term.
California Attorney General Rob Bonta has joined a coalition of 19 attorneys general in supporting a federal lawsuit challenging Idaho's law that bars transgender students from using school restrooms and other sex-separated facilities that align with their gender identity.
Berlin police did not identify the suspect, who is still at large, by name but said that he was already known to police and is from Berlin.
LGBTQ+ communities have significantly higher rates of unemployment than the general population. Kelsi Thorud reports on how the City of Oakland is empowering LGBTQ+ job seekers during Pride Month.
The fallout over the opposition by a handful of San Francisco Giants players against the team's Pride Night celebrations has prompted an investigation of Major League Baseball by the Trump administration.
Major League Baseball has warned players about writing on their uniforms after San Francisco starter Landen Roupp and two other pitchers added Bible verses to their Pride Night caps on Friday night.
Hayden Panettiere, who starred in "Remember the Titans" as a child actor and rose to fame in the series "Heroes," has died at the age of 36. The coroner's office says she was found in cardiac arrest.
A blues virtuoso and a wayward Southern belle living in the Bay Area are sharing their recipe for comfort and joy.
Becky G spoke exclusively with "CBS Mornings" co-host Gayle King about her rise to fame, being the breadwinner of the family at a young age and her new music.
While Outside Lands in San Francisco was expected to attract a quarter million people to San Francisco, another event in the Bay Area also offered music, food and dancing, but with an island flair.
A California lawmaker wants to address the rising cost of event tickets by limiting how much some tickets can be marked up on the resale market.
Ever since the COVID-19 pandemic, the Oakland Unified School District has seen an alarming spike in the number of unhoused students in the school system who deal with a host of challenges far beyond what most children face.
Meteorologist and CBS News Bay Area's resident pilot Lt. Jessica Burch got a treat during Fleet Week, taking to the skies with one of the Blue Angels.
A Bay Area man discovered his devastating loss left him with a new opportunity to rethink how he lives -- follow his journey in virtual reality, 360-degree video.
A groundbreaking medical study involving the UCSF Medical Center has shown some colorectal cancer patients can safely skip radiation treatment and enjoy a potentially higher quality of life.
Every day, San Francisco bar pilot Captain Zach Kellerman goes through what might just be the world's most dangerous commute.
Some people in West Oakland are encouraged to keep their windows shut overnight as crews are battling a fire at the old trestles near the East Bay Municipal Utility District property.
Da Lin reports on the impact that a bridge closure is having on businesses.
A 33-year-old mother whose children died in a house fire in Richmond earlier this week has died, bringing the fire's death toll up to four.
Here's a look at the weather forecast Saturday evening.
Residents of a San Francisco apartment are worried after they say they were forced out of their place for repairs following a fire.
In 2025, KPIX is moving to a new community service award: the CBS News Bay Area Icon Award. Submit nominations for an outstanding community hero at kpix.com/icon.
It's the most wonderful time of the year for a South Bay woman who has played Mrs. Claus for more than 40 years for the children of North San Jose's Alviso District.
For residents of the Oakland Hills, the prospect of another wildfire always remains a concern. This week's Jefferson Awards winner has made it his mission to make the hills and other high-risk areas safer.
In East Palo Alto -- where state education numbers show more than nine in ten public school students are low income and more than half are English learners -- many are finding hope and connection at the Boys & Girls Clubs of the Peninsula.
This week's Jefferson Award winner is Army veteran who continues to live a life of service into his 80s, by feeding hundreds of San Francisco families a week.
A Bay Area man who overcame tremendous obstacles to excel in school has made it his mission to gear up other students for success in the classroom and in life.
For Students Rising Above scholar Josh Collins it took moving across the country to realize the value of his Bay Area family.
Samir Hooker had to grow up fast after his stepfather was shot dead 12 years ago. Now he is watching over his mom and sister while attending UC Berkeley.
It's hard enough to graduate from one of the most prestigious schools in the country when you're the first in your family to go to college. Imagine doing that while you're also trying to protect your parents from being deported?
Some students who are the first in their families to go to college face the challenge of balancing a rigorous academic load while still working to help support their family back home.