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.
Unable to find buyers, a growing number of sellers are pulling their homes off the market rather than compromise on price.
Extreme weather linked to climate change will likely lead to more Americans losing their homes as foreclosure rates rise, researchers predict.
While having some of the highest rents in the nation, renting a home in San Francisco and San Jose is nearly 200% cheaper than paying a mortgage for one, a new study finds.
Lenders are already lowering rates on some products, providing savings to borrowers. Here's what to know.
Metros in the Midwest and Northeast stole the top slots on this year's list.
Mortgage rates are finally starting to come down, which is giving some homeowners a bit of relief. But many looking to buy could still face unaffordable prices and a tight market. Elise Preston has more.
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.
While inflation has shown signs of cooling, mortgage rates and home prices are still stubbornly high, making it challenging for many Americans to buy homes. Elise Preston reports.
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.
Prospective Bay Area home buyers are in a tough spot as mortgage rates hit a two-decade high, leaving some prospective home buyers re-evaluating their dreams.
Interest rates for a home loan are continuing to soar, driving many aspiring property owners out of the market.
Some real estate experts say that in the current financial climate, renting a home in the U.S. may be more financially responsible than buying one, due to a variety of factors, including mortgage rates and maintenance costs. Carter Evans has details.
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.
A little-known surcharge set to change on May 1 could impact consumers in different ways.
Buyers are getting squeezed by higher real estate prices and soaring mortgage rates, which could force more out of the market.
Surge in borrowing costs is pushing some buyers out of the market, while sellers face a quandary.
But sales of previously occupied homes have slowed sharply amid higher mortgage rates and rising prices.
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.
California's Democratic Gov. Gavin Newsom spearheaded a redistricting initiative that was intended to make up to five more districts more friendly to Democrats. Voters may have different ideas.
A Bay Area business owner says with investor funding, they could be going "full steam ahead."
At the edge of San Francisco, on a windswept stretch of the Pacific, sits a small sky-blue phone booth with a sign that reads "Ocean Calling."
A 10-year-old girl's quick action likely saved the lives of her family members in Oakley when their house caught on fire early Wednesday morning.
Retired San Jose Police Officer Gil Zamora doesn't work with a microscope. He draws critical evidence from the memories of witnesses.
A Bay Area business owner says with investor funding, they could be going "full steam ahead."
At the edge of San Francisco, on a windswept stretch of the Pacific, sits a small sky-blue phone booth with a sign that reads "Ocean Calling."
A 10-year-old girl's quick action likely saved the lives of her family members in Oakley when their house caught on fire early Wednesday morning.
Retired San Jose Police Officer Gil Zamora doesn't work with a microscope. He draws critical evidence from the memories of witnesses.
Officers were called just before 1 p.m. and told a body had been found at the waste facility located on the 700 block of Los Esteros Road.
A Bay Area business owner says with investor funding, they could be going "full steam ahead."
At the edge of San Francisco, on a windswept stretch of the Pacific, sits a small sky-blue phone booth with a sign that reads "Ocean Calling."
Leslie Carmichael and Bob Lee saw food insecurity among the unhoused and started sharing meals and community. That became their motto as they founded Hope's Corner in 2015, a joint ministry of Mountain View Trinity and Los Altos United Methodist Churches.
A woman has been found guilty of trespassing and other charges for her role in a protest outside the San Francisco headquarters of OpenAI last year, prosecutors said.
Police in San Francisco are seeking the public's help in multiple cold case murders from the mid-1970s that may involve a serial killer, and are offering a reward for identifying who is responsible.
A 10-year-old girl's quick action likely saved the lives of her family members in Oakley when their house caught on fire early Wednesday morning.
The warning covers parts of the East Bay hills and the North Bay interior mountains, and begins at 11 p.m. Wednesday.
With the World Cup approaching, a Bay Area nonprofit soccer program is reminding the community that the sport represents far more than competition.
Authorities in Alameda County said a man has been arrested in connection with the theft of multiple county vehicles from an Oakland garage, including vehicles belonging to the sheriff's office.
FBI agents raided the home and offices of longtime Contra Costa County Assessor Gus Kramer on Tuesday.
Retired San Jose Police Officer Gil Zamora doesn't work with a microscope. He draws critical evidence from the memories of witnesses.
Officers were called just before 1 p.m. and told a body had been found at the waste facility located on the 700 block of Los Esteros Road.
The state of California and Santa Clara County Counsel filed a lawsuit against the Trump administration on Wednesday to block the development of an U.S. Immigration and Customs Enforcement facility near Gilroy.
Officials on California's Central Coast have moved closer to implementing a temporary parking ban on the iconic Bixby Bridge over safety concerns.
The fire was near the 3100 block of Locke Drive and began burning around 3:15 p.m.
The warning covers parts of the East Bay hills and the North Bay interior mountains, and begins at 11 p.m. Wednesday.
On Sunday, marchers began the second part of a three-day journey protesting U.S. Immigration and Customs Enforcement's presence in the Bay Area.
Students, teachers and staff shared hugs, high fives and tears this week as two longtime Santa Rosa schools closed their doors for the final time.
Authorities in Sonoma County have issued a warning to the immigrant community about a growing trend of scammers posing as Catholic Charities employees claiming to offer legal services.
More than a dozen Santa Rosa police officers and volunteers helped transform a family's apartment as part of an effort to give children a safer, more stable place to sleep, study and grow.
Bryce Eldridge hit a game-winning grand slam in the ninth to cap an incredible comeback by the San Francisco Giants, who scored 10 runs over the final two innings of an 11-10 victory against the Washington Nationals.
The U.S. Embassy said Americans traveling to Mexico for the World Cup should look at advisories for the region they will be visiting.
Veronica Burton scored 19 of her 25 points in the first half as Golden State quickly built a big lead and also dished out eight assists, Gabby Williams added 25 points, and the Valkyries held off the Phoenix Mercury for an 87-81 win Tuesday night.
Perhaps the only person around the San Francisco 49ers not worried about the heavy workload All-Pro Christian McCaffrey handled last season is McCaffrey himself.
The U.S. being a host country for the World Cup generates interest among fans, but less so among those who are not soccer fans.
Retired San Jose Police Officer Gil Zamora doesn't work with a microscope. He draws critical evidence from the memories of witnesses.
A woman has been found guilty of trespassing and other charges for her role in a protest outside the San Francisco headquarters of OpenAI last year, prosecutors said.
Police in San Francisco are seeking the public's help in multiple cold case murders from the mid-1970s that may involve a serial killer, and are offering a reward for identifying who is responsible.
Police in Redwood City said they arrested two people on multiple felony charges following a traffic stop that led to the seizure of more than 20 pounds of methamphetamine.
Police in San Francisco released body camera footage and additional details following a shootout with a robbery suspect that critically wounded an officer.
A woman has been found guilty of trespassing and other charges for her role in a protest outside the San Francisco headquarters of OpenAI last year, prosecutors said.
Meta pledged to invest $115 million to train electricians, plumbers and other workers needed to operate data centers.
SpaceX is setting aside a large chunk of shares for ordinary investors as it seeks to raise a record $75 billion. Here's what to know.
Authorities on California's Central Coast arrested two people Sunday suspected of vandalizing robots performing assessments on sidewalks last week.
A Virginia man is suing Amazon over Ring's "Familiar Faces" feature, alleging the technology violates people's privacy.
Grocery sales at two Target stores in San Jose were halted over the past week, after health inspectors found evidence of rodent infestations.
WHO chief Tedros Adhanom Ghebreyesus says risks from the Ebola outbreak in Congo and Uganda are "high at the national and regional levels, and low at the global level."
The cruise ship hit by a deadly hantavirus outbreak has docked at the Dutch port of Rotterdam for disinfection, wrapping up a troubled journey that put world health authorities on alert.
At least 80 deaths have been reported in a new Ebola disease outbreak in Congo and Uganda, authorities said.
California public health officials said on Wednesday that they have identified a fifth resident who may have been exposed to the Andes hantavirus due to the outbreak on the MV Hondius cruise ship.
California's Democratic Gov. Gavin Newsom spearheaded a redistricting initiative that was intended to make up to five more districts more friendly to Democrats. Voters may have different ideas.
The state of California and Santa Clara County Counsel filed a lawsuit against the Trump administration on Wednesday to block the development of an U.S. Immigration and Customs Enforcement facility near Gilroy.
The U.S. military launched an additional round of strikes on targets within Iran early Thursday morning local time, hours after President Trump vowed to hit Iran "hard."
Officials on California's Central Coast have moved closer to implementing a temporary parking ban on the iconic Bixby Bridge over safety concerns.
President Trump said the U.S. has taken out "millions" of barrels of Iranian oil in the dead of night, and said inflation will come down when the war ends.
Many LGBTQ+ Pride events across the country have had to scale back or even cancel due to political and financial reasons. San Francisco was on the brink. Kara St. Cyr reports.
In one of the most competitive real estate markets in America, a San Francisco real estate agent dons fabulous drag to help promote homes for sale. Itay Hod reports.
The U.S. Department of Justice has launched an investigation into four California school districts over policies pertaining to the instruction of gender and sexual orientation.
Jason Collins, the NBA's first openly gay player, who went on to become a pioneer for inclusion and an ambassador for the league, has died, his family announced Tuesday.
Philz Coffee will once again sport the Pride flag at its cafés after a directive to have them and other flags removed created a backlash.
A gaming store in San Francisco keeps getting broken into, leading to loss after loss and a mountain of anxiety for the woman behind the business.
A fixture on San Francisco's drag scene, Katya Smirnoff-Skyy has taken her act off the stage and onto the market. With more than 200,000 followers, her house tour videos have become must-see real estate TV: part open house, part one-woman show.
San Pedro Street is being transformed into a massive outdoor viewing party, with organizers hoping global soccer fans will linger — and spend — in a corridor still recovering from the pandemic.
"Schmigadoon!" — which was tied for the most nominations, with 12 — won Best Musical, and "Liberation" took home the honor of Best Play at the 2026 Tony Awards.
For nearly three decades, the Presidio Performing Arts Foundation has provided arts education and dance opportunities to underserved youth across the Bay Area.
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.
Kevin Ko reports on Built This City: An SF Pride Variety Spectacular.
Sara Donchey reports on a house fire in Oakley.
Juliette Goodrich interviews a forensic artist for Bay Area Unsolved.
Itay Hod reports on the Wind Phone at Ocean Beach in San Francisco.
John Ramos report on how small businesses in the Bay Area are faring.
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.