Mortgage rates are back above 7%. How much higher could they climb?
Rates are "far more likely to go up than down by the end of the year," a senior economist at Realtor.com told CBS News.
Affordable Housing
Mortgage rates top 7% for the first time since May 2024
As rates climb, more buyers are seeking riskier adjustable-rate mortgages, according to the Mortgage Bankers Association.
Mortgage rates are nearing 7%. One house hunter says he's "despondent."
"It seems like we're trying to climb out of a hole somebody else is digging," said one frustrated house hunter as homeownership costs rise.
Are mortgage rates heading back above 7%? Here's what experts think.
Mortgage rates have climbed sharply this year amid mounting concerns about inflation and U.S. debt.
A housing alternative right in your own backyard
Accessory Dwelling Units, or ADUs, are small, fully-functional secondary homes located on the same property as a main home (usually in the backyard) that serve as carriage houses or "granny flats." But as wildfires have displaced residents in the West, ADUs have filled a vital need where housing has proved scant or expensive. Correspondent Lee Cowan looks at the practical and legal challenges to making ADUs available. [Original air date: May 17, 2026.]
See how much renters pay for a 2-bedroom home in 50 U.S. cities
Nearly half of renters spend more than 30% of their income on housing. Here's what it costs to rent a two-bedroom home in 50 U.S. cities.
More adults moving back home
With wages stagnant, inflation up, and the cost of living increasing, more American adults are seeing their parents as potential roommates as they look to save cash. CBS MoneyWatch reporter Megan Cerullo has more.
More young Americans moving home to save cash
With inflation and rising costs, the affordability crisis is prompting some adults to consider rooming with their parents. CBS News' Jericka Duncan spoke with a 34-year-old woman about her decision to move back home.
How to buy a home as cost soars
With home costs soaring, many wonder whether newly signed bipartisan housing legislation will have any impact on homebuyers. Jill Schlesinger has more information.
Bipartisan housing bill becomes law
The largest housing bill in years is now law without President Trump's signature. Ali Bauman reports on what the new housing law will do.
Congress' housing bill's potential impact
A sweeping bipartisan housing affordability bill is set to go into law at midnight on Friday, without President Trump's signature. The president says his decision not to sign the bill is a protest against lawmakers' failure to pass his package of voting reforms and restrictions. Bruce Marks, founder and CEO of the Neighborhood Assistance Corporation of America, joins "The Daily Report" to discuss.
7/10: The Takeout with Major Garrett
President Trump says U.S. continuing Iran talks, but ceasefire is "over"; Graham Platner officially withdraws from Maine Senate race.
Housing bill to become law despite Trump protest
The landmark bipartisan housing bill is set to become law overnight into Saturday despite President Trump's refusal to sign it. CBS News chief White House correspondent Nancy Cordes reports.
Trump not expected to veto housing bill, U.S. official says
President Trump said Friday he won't sign the law, but a U.S. official said he isn't expected to veto it either.
Trump won't sign housing bill over SAVE Act
President Trump announced on social media Friday that he is withholding his signature on a bipartisan housing affordability bill "in protest" because his SAVE America Act has yet to pass the Senate. CBS News' Olivia Rinaldi reports from Washington, D.C.
Unclear if or when Trump will sign housing bill
President Trump says he won't sign a bipartisan housing bill until the Senate passes the SAVE America Act. NOTUS congressional reporter Paul Kane joins with the latest from Capitol Hill.
Lawmakers on Trump rebuking housing bill
President Trump canceled the signing ceremony for a bipartisan housing affordability bill and demanded that Congress pass the SAVE Act, a voter identification bill, first. CBS News' Taurean Small reports, and Massachusetts Democratic Rep. Stephen Lynch joins "CBS Morning News" to discuss how the bipartisan housing bill would help Americans.
What happened at Trump-Senate GOP meeting
President Trump held a tense meeting with Senate Republicans on Wednesday, hours after he suddenly canceled a signing ceremony for newly passed housing affordability legislation. CBS News congressional reporter Taurean Small has the details. Then, New York Times congressional correspondent Robert Jimison joins to discuss further.
Why did Trump cancel housing bill signing?
President Trump on Wednesday canceled plans to sign a bipartisan housing bill, demanding that lawmakers first pass the SAVE Act. Political strategists Ameshia Cross and Tricia McLaughlin join with analysis.
Sources: Trump, Cassidy have spat in meeting
President Trump had a testy meeting with Senate Republicans on Wednesday. Sen. Bill Cassidy of Louisiana said he lost his temper and Trump raised his voice, but the president said, "We have a really well unified party." CBS News congressional reporter Taurean Small has more.
Sources: Trump and Cassidy had testy exchange
President Trump had a testy meeting with Republican senators focused mostly on the Iran war, sources say. CBS News' Taurean Small and Nikole Killion have the latest.
Trump cancels housing bill signing, reiterates demand for SAVE America Act
President Trump canceled a planned signing ceremony on Wednesday for a housing affordability bill that passed Congress by wide bipartisan margins.
Bipartisan housing bill aims to boost homeownership. Could it work?
The 21st Century ROAD to Housing Act, which has rare bipartisan support, would make it harder for major investors to hoard homes.
San Diego mayor on Senate housing bill
The Senate overwhelmingly approved one of the largest pieces of federal housing legislation in the last 20 years on Monday. San Diego Democratic Mayor Todd Gloria, one of the bill's biggest champions, joins "The Takeout" with his reaction.
Senate passes landmark housing affordability bill after bipartisan breakthrough
The Senate passed a bill aimed at lowering housing costs on Monday after a major breakthrough and rare bipartisan consensus.
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