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.
San Franciscans have seen encampments pop up all over the city, but a large, sprawling line of tents were set up overnight on Battery Street in the Financial District.
A surge of monsoonal moisture from the the southwestern U.S. and northwestern Mexico is bringing cloudy, humid weather to the Bay Area and Central Coast, along with a chance of showers and isolated thunderstorms, forecasters said.
A hang glider crashed onto a San Francisco beach on Saturday and had to be rescued by firefighters, authorities said.
In 1898, Wilmington, N.C., was prosperous and integrated. But white supremacists took back control of the city's multi-racial government at gunpoint, and killed scores of Black residents - a little-known story retold in Lauren Collins' "They Stole a City."
President Trump paid tribute to the late senator, who was reportedly scheduled to do an interview on Sunday.
San Franciscans have seen encampments pop up all over the city, but a large, sprawling line of tents were set up overnight on Battery Street in the Financial District.
A surge of monsoonal moisture from the the southwestern U.S. and northwestern Mexico is bringing cloudy, humid weather to the Bay Area and Central Coast, along with a chance of showers and isolated thunderstorms, forecasters said.
A hang glider crashed onto a San Francisco beach on Saturday and had to be rescued by firefighters, authorities said.
In 1898, Wilmington, N.C., was prosperous and integrated. But white supremacists took back control of the city's multi-racial government at gunpoint, and killed scores of Black residents - a little-known story retold in Lauren Collins' "They Stole a City."
President Trump paid tribute to the late senator, who was reportedly scheduled to do an interview on Sunday.
San Franciscans have seen encampments pop up all over the city, but a large, sprawling line of tents were set up overnight on Battery Street in the Financial District.
A hang glider crashed onto a San Francisco beach on Saturday and had to be rescued by firefighters, authorities said.
On Saturday, thousands of residents participated in a city-wide day of service, designed not only to spruce up the neighborhoods, but also to bring people closer together.
Four people were arrested and three others were cited following a fight that took place following a San Francisco Giants game at Oracle Park Thursday night.
Coffee, croissants and classical music brought office workers, residents and visitors together at One Sansome as the free monthly Baroque & Brew series transformed a weekday morning into a community gathering in downtown San Francisco.
The nearly century-old tower is being reduced by 40 feet after studies found it could crack during a major earthquake, risking flooding in Lafayette and Walnut Creek.
Sixteen puppies are being cared for at two East Bay animal shelters after being abandoned in the parking lot of a Walmart store in Livermore, authorities said.
More than a month into a labor dispute at the C&H Sugar refinery in Crockett, the fight is expanding beyond the picket line and into Richmond.
The Oakland Zoo is now home to a female tiger rescued from a notorious Northern California wildlife sanctuary that was forced to shut down last year.
The Oakland Roots soccer club will no longer play home games at the Oakland Coliseum beginning next season, the team announced on Thursday.
Police in San Jose said that they have busted an alleged illegal nightclub found in an industrial space.
A summer camp counselor in Santa Clara County was arrested and charged in connection with an alleged child sexual assault, according to authorities.
A man caught on dashcam video causing his own road rage crash on U.S Highway 101 in San Jose, and who later submitted a fraudulent insurance claim for the collision, was sentenced to jail on Friday.
Authorities in the South Bay said they arrested a man who allegedly committed two dozen burglaries targeting restaurants and coffee shops, often escaping on an electric scooter.
Police in San Jose announced the arrests of eight people, including four teenagers, in connection with alleged gang assaults and other crimes.
A San Francisco Bay Area man is facing multiple charges after he allegedly threatened a Pacific Gas & Electric Co. employee with a shotgun, authorities said.
Authorities in the San Francisco Bay Area said a suspect's selfie from a crime scene helped lead to arrests in a $100,000 commercial burglary case.
A Vallejo teen worked for months to buy his dream car. Then, just a month after he got the keys, the car was gone, without a trace.
New temporary housing was unveiled Wednesday for workers displaced from the closure of ranches at Point Reyes National Seashore in West Marin County.
A man was arrested in Sonoma County on Monday for allegedly participating in a plot to scam an elderly woman out of money, authorities said Tuesday.
Tyler Mahle won for the first time since mid-April, Casey Schmitt hit a tiebreaking three-run homer in the sixth inning and the San Francisco Giants beat the Colorado Rockies 4-2.
Four people were arrested and three others were cited following a fight that took place following a San Francisco Giants game at Oracle Park Thursday night.
Jayden Adams' death was confirmed by South Africa's minister of sport, arts and culture on Saturday.
Kyle Karros hit a broken-bat, two-run single during a three-run ninth inning and the Colorado Rockies held on to beat the San Francisco Giants 4-3 on Friday night.
Veronica Burton scored 17 points, Janelle Salaun had 16 points and four 3-pointers off the bench, and the Golden State Valkyries beat the Connecticut Sun 79-64 on Friday night for a franchise-record seventh straight victory.
Numerous suspects are believed to be involved after a woman was found dead at a large illegal marijuana cultivation operation in Mendocino County, authorities said on Saturday.
A San Francisco Bay Area man is facing multiple charges after he allegedly threatened a Pacific Gas & Electric Co. employee with a shotgun, authorities said.
Four people were arrested and three others were cited following a fight that took place following a San Francisco Giants game at Oracle Park Thursday night.
Police in San Jose said that they have busted an alleged illegal nightclub found in an industrial space.
Authorities have charged a man in two home burglaries and sexual assaults that occurred just a mile and a half apart from each other in San Mateo County.
Apple alleges that OpenAI and two of its employees stole trade secrets and engaged in a "pattern of misconduct."
Microsoft moves to slash costs as the video game industry faces what the tech giant calls the "most severe hardware crisis in its history."
Waymo is evaluating a couple of incidents on the Fourth of July in San Francisco in which its autonomous vehicles drove over fireworks, including one that caught fire.
A growing number of faith-based coworking spaces are emerging in Silicon Valley as some in the tech industry grapple with rapid advances in artificial intelligence.
After January 2028, new games will be available exclusively in digital format from the PlayStation Store and at retailers, Sony said.
A norovirus outbreak aboard a Princess cruise ship sickened 125 passengers and crew members during a voyage in the North Pacific that ended on Thursday.
A Bay Area cancer patient is making more memories and living longer than his initial diagnosis thanks to a groundbreaking treatment for his particularly aggressive form of brain cancer.
Health officials in the San Francisco Bay Area issued a warning about a potential measles exposure after an infected resident traveled through San Francisco International Airport and local businesses.
Health officials in Berkeley said one person died and another person was hospitalized after contracting leptospirosis from rats that had infested their RV.
Grocery sales at two Target stores in San Jose were halted over the past week, after health inspectors found evidence of rodent infestations.
President Trump paid tribute to the late senator, who was reportedly scheduled to do an interview on Sunday.
Congressman Ro Khanna said members of the Israel Defense Forces spoke with the settlers and moved a car to block the road.
A landmark housing bill automatically became law overnight after President Trump declined to sign it.
President Trump said Friday he won't sign the law, but a U.S. official said he isn't expected to veto it either.
The U.S. military released a new batch of files related to UFOs, including one report from a Navy pilot who said a mysterious object was "unlike anything I had seen" in 28 years of service.
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.
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.
San Franciscans have seen encampments pop up all over the city, but a large, sprawling line of tents were set up overnight on Battery Street in the Financial District.
Bonnie Tyler, the Welsh pop star best known for singing the chart-topping power ballad "Total Eclipse of the Heart" in 1983, has died. She was 75.
The nominations for the 78th annual Primetime Emmy Awards were announced Wednesday morning in Los Angeles, with the final season of HBO Max's "Hacks" setting a new record for the most nominations in a single year for a comedy series.
Taylor Swift and Travis Kelce were married as they celebrated their wedding with hundreds of guests Friday at Madison Square Garden in New York City.
Ticket reseller StubHub abruptly canceled customers' tickets to World Cup matches, costing them thousands of dollars, a lawsuit alleges.
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.
Meteorologist Zoe Mintz says cloud cover and moisture are over Northern California, which could result in some rain in parts of the Bay Area and the potential for dry lightning by Monday.
Here's a look at the weather forecast Saturday evening.
Just a few years ago, the city of San Francisco was described as being in a "doom loop" of despair. But on Saturday, thousands of residents participated in a city-wide day of service, designed not only to spruce up the neighborhoods, but also to bring people closer together.
Congressman Ro Khanna said he was detained by Israeli settlers for over an hour while visiting the West Bank. Khanna also said members of the Israel Defense Forces spoke with the settlers and moved a car to block the road.
On Saturday, expect highs ranging from the 70s by the by to the 90s inland. Expect increasing clouds on Sunday into early Monday, with possible dry lightning. Zoe Mintz has the forecast.
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.