Mortgage rates rise as Iran war heightens U.S. inflation fears
Mortgage rates, though still well below their level a year ago, have edged up since the Iran war erupted. Here's why.
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Mortgage rates, though still well below their level a year ago, have edged up since the Iran war erupted. Here's why.
Although home prices remain elevated, conditions are shaping up to be more favorable for buyers this year, experts said.
Mortgage rates are rising as bond investors fret that rising oil prices could boost inflation.
Mortgage rates have fallen to their lowest level since 2022, and now borrowers can find even lower-cost loans, experts said.
For the first time since 2022, 30-year mortgage rates dropped below 6%. CBS News business analyst Jill Schlesinger explains what it means for home buyers and those looking to refinance.
The decline in the average 30-year mortgage rate could be good news for home shoppers as the spring home-buying season gets rolling.
A new report from Realtor.com projects that the housing market will shift in a more buyer-friendly direction in 2026.
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President Trump signed an executive order this week aimed at boosting the housing market. The goal is to increase the supply of homes available to buy by preventing big investors from purchasing single family homes for the rental market. CBS News business analyst Jill Schlesinger explains.
Mortgage rates have dropped to a three-year low, prompting some homeowners to consider refinancing. CBS News' Megan Cerullo reports.
The average interest rate on a typical mortgage dipped to 6.06%, the lowest level since September 2022, according to Freddie Mac.
The average cost of a conventional 30-year U.S. mortgage continues to edge down, while rates on other home loans fell to less than 5.5%.
A growing number of Americans, squeezed by inflation and elevated interest rates, face the risk of losing their home in foreclosure.
Details are still sparse, but a 50-year loan could meaningfully reshape a housing market where 30 years is the norm.
A new report from Coldwell Banker shows how Americans are arranging some life goals to prioritize buying a home. Aarthi Swaminathan, a MarketWatch personal finance reporter, joins CBS News with more.
According to CBS News polling, voter concern about the cost of living drove Democrats to big victories in the 2025 elections. Now, President Trump is defending Republicans' record on affordability and floating new initiatives. CBS News MoneyWatch correspondent Kelly O'Grady joins "The Takeout" with more.
President Trump, in a social media post over the weekend, suggested the idea of a 50-year mortgage. It comes as the average age for a first-time home buyer has climbed to 40 years old. CBS News MoneyWatch correspondent Kelly O'Grady explains how it could impact home ownership.
Some people taking out a home loan and purchasing flood insurance could face delays during the U.S. government shutdown.
Doug Lebda died on Sunday in an all-terrain vehicle accident, according to LendingTree.
The government on Wednesday said seasonally adjusted new home sales in August jumped by 20% from the previous month, which was a bigger increase than expected and marks a three year high. CBS News business analyst Jill Schlesinger explains what this means for the housing market.
The Federal Reserve cut rates for the first time in nine months Wednesday by a quarter point. The decision came as recent employment data showed the U.S. job market might be losing steam. Fed Chair Jerome Powell said there could be even more rate cuts coming later this year. CBS News senior business and technology correspondent Jo Ling Kent reports.
Unable to find buyers, a growing number of sellers are pulling their homes off the market rather than compromise on price.
For years, the U.S. housing market has boomed, pricing many out of their financial comfort zone and the market. Now, home prices are showing signs of cooling off. CBS News New York's Ali Bauman has details for buyers and sellers.
Almost 63% of mortgage applicants are homeowners looking to refinance. Jill Schlesinger explains how low mortgage rates could help homeowners cut their costs, as part of our series Eye on Money.
Personal finance site SmartAsset ranked these cities as the best markets for first-time buyers in terms of affordability and other factors.
The Europeans also argue that the war in Ukraine is intertwined with the war in Iran due to the cooperation between Russia and Iran.
The Trump administration is awaiting Iran's formal response to its 15-point peace proposal, as Tehran continues blocking the Strait of Hormuz.
At this year's CPAC, many attendees toed a fine line between backing the war in Iran and worrying about how the conflict could expand.
U.S. Central Command said Saturday that more than 11,000 targets have been struck since Operation Epic Fury began on Feb. 28.
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Two sailboats that went missing carrying humanitarian aid from southern Mexico to Cuba landed in Havana on Saturday afternoon.
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The price of ammonia and urea, two fertilizer ingredients seeing disruptions, are up around 20% and 50%, respectively, since the start of the Iran war.
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The school district said 25 students and five adults were on the bus headed out for a school field trip.
Organizers estimated that at least 8 million people took part in more than 3,300 "No Kings" events worldwide.
Bank of America has reached a $72.5 million settlement in a lawsuit that alleges the financial giant helped facilitate the sex trafficking operation of convicted sex offender Jeffrey Epstein.
Bank of America has reached a $72.5 million settlement in a lawsuit that alleges the financial giant helped facilitate the sex trafficking operation of convicted sex offender Jeffrey Epstein.
More than 7 million student loan borrowers who've been enrolled in a Biden-era repayment plan will receive notices with instructions to seek a new plan to repay their debt.
The Department of Homeland Security said TSA agents should begin receiving pay as early as Monday, March 30.
About 1 in 4 Americans are using AI chatbots to prepare their tax returns, but experts warn the tools can produce outdated or inaccurate guidance.
As the war with Iran continues, CBS News is tracking gas and oil prices. Find out how much more it costs to fill up your tank or heat your house.
The Europeans also argue that the war in Ukraine is intertwined with the war in Iran due to the cooperation between Russia and Iran.
At this year's CPAC, many attendees toed a fine line between backing the war in Iran and worrying about how the conflict could expand.
As the U.S.-Iran war nears the one-month mark, the fragile global oil market has emerged as a key weapon in Iran's arsenal — and some shipping and insurance experts don't expect the situation to return to normal until the conflict winds down.
More than 7 million student loan borrowers who've been enrolled in a Biden-era repayment plan will receive notices with instructions to seek a new plan to repay their debt.
The U.S. has used close to 1,000 Tomahawk missiles since June 2025 and has been procuring them at a rate of about 90 per year.
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Dr. Jay Bhattacharya, head of the National Institutes of Health and interim leader of the Centers for Disease Control and Prevention, told staff a permanent CDC director could be nominated soon. "I know that it has been such a difficult year," he said.
Federal health officials posted a warning about misleading statements by biotech billionaire Dr. Patrick Soon-Shiong about his company's bladder cancer drug Anktiva.
Doctors fear that skepticism, fueled by anti-science sentiment and mistrust, is extending beyond vaccines to other proven, routine care.
The Europeans also argue that the war in Ukraine is intertwined with the war in Iran due to the cooperation between Russia and Iran.
An election earlier this month was the country's first since youth-led protests against corruption and poor governance.
U.S. Central Command said Saturday that more than 11,000 targets have been struck since Operation Epic Fury began on Feb. 28.
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The incident occurred in the middle of the night, while the office was closed. No employees were injured, according to the bank.
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Grammy-nominated Australian singer-songwriter Courtney Barnett's latest studio album "Creatures of Habit" takes inspiration from recent life changes, including her move to Los Angeles. Here is Courtney Barnett with "Mantis."
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The incident occurred in the middle of the night, while the office was closed. No employees were injured, according to the bank.
Tiger Woods was released from the Martin County jail in Florida following his DUI arrest after a rollover crash on Friday.
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The truck, transporting 413,793 KitKat bars, was stolen during transit in Europe, Nestle said.
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American homes and businesses are feeling the ripple effects of the war in Iran. Gas prices are averaging $3.97 a gallon nationwide, up about one dollar in a month, and the largest four-year increase in 30 years. Lana Zak reports from Iowa.
In Altadena, California, Rene Amy is walking the empty lots of the Eaton Fire burn scar, scattering poppy seeds. He hopes for growth in a community with so much loss. Joy Benedict has the story.
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Golf legend Tiger Woods was charged with driving under the influence after a vehicle crash in Florida on Friday, prompting new questions about what comes next for his career. Nicole Valdes has more details.
The Houthis, an Iranian-backed militant group in Yemen, entered the widening conflict in the Middle East Saturday, launching an unsuccessful missile attack on Israel. Meanwhile, about 3,500 more U.S. troops have arrived in the Middle East. Holly Williams reports.