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.
Mortgage Rates
Mortgage rates continue rising
Mortgage rates rose for the fourth week in a row. MarketWatch reporter Andrew Keshner joins CBS News with more.
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.
House hunting? Here's what to know as the spring buying season arrives.
Although home prices remain elevated, conditions are shaping up to be more favorable for buyers this year, experts said.
Iran war hits housing market as mortgage rates rise to 6%
Mortgage rates are rising as bond investors fret that rising oil prices could boost inflation.
This tip can save you tens of thousands of dollars on your mortgage
Mortgage rates have fallen to their lowest level since 2022, and now borrowers can find even lower-cost loans, experts said.
Mortgage rates dip below 6%
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.
Mortgage rates fall below 6% for the first time since 2022
The decline in the average 30-year mortgage rate could be good news for home shoppers as the spring home-buying season gets rolling.
Home prices could dip in 22 U.S. cities next year, report says. See where.
A new report from Realtor.com projects that the housing market will shift in a more buyer-friendly direction in 2026.
How Federal Reserve rates impact your wallet
Here's how changes at the Federal Reserve can matter in your life as President Trump pushes for new leadership.
How the Constitution inspires future leaders
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.
U.S. mortgage rates are dropping
Mortgage rates have dropped to a three-year low, prompting some homeowners to consider refinancing. CBS News' Megan Cerullo reports.
Mortgage rates fall to 3-year low, offering relief for homebuyers
The average interest rate on a typical mortgage dipped to 6.06%, the lowest level since September 2022, according to Freddie Mac.
Mortgage rates fall to their lowest level in 2025
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%.
Foreclosures are surging as U.S. homeowners grapple with rising costs
A growing number of Americans, squeezed by inflation and elevated interest rates, face the risk of losing their home in foreclosure.
What Trump's 50-year mortgage plan could mean for homebuyers
Details are still sparse, but a 50-year loan could meaningfully reshape a housing market where 30 years is the norm.
Trends among Americans on buying homes
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.
Trump renews focus on affordability
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.
Trump suggests idea of 50-year mortgage
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.
How will the government shutdown affect people applying for mortgages?
Some people taking out a home loan and purchasing flood insurance could face delays during the U.S. government shutdown.
LendingTree founder and CEO Doug Lebda dies in ATV accident
Doug Lebda died on Sunday in an all-terrain vehicle accident, according to LendingTree.
What's behind the increase in new home sales?
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.
How significant is the Fed's latest rate cut?
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.
More homeowners are pulling their properties off the market. Here's why.
Unable to find buyers, a growing number of sellers are pulling their homes off the market rather than compromise on price.
Housing market shows signs of cooling off
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.
Live
U.S., Iran trade more strikes as Trump threatens to "militarily complete the job"
The U.S. carried out a new round of strikes Sunday local time in response to "Iranian aggression against commercial shipping," CENTCOM says.
Venezuela death toll rises as search for earthquake survivors continues
Venezuelans have taken the search for missing loved ones into their own hands, citing a scarcity of government rescuers.
Letlow wins Louisiana GOP Senate runoff, AP projects
Louisianans voted Saturday in the state's Republican Senate runoff, as two candidates vied to replace Sen. Bill Cassidy, who did not receive enough votes in the primary to advance.
Trump nominates former Oklahoma trooper Lance Schroyer to be ICE director
President Trump on Saturday said he has nominated Lance Schroyer to be the next director of U.S. Immigration and Customs Enforcement.
Germany, Denmark, Switzerland hit heat records as Europe sizzles
Germany hit a high of 106 degrees on Saturday, according to the country's national weather service.
Second Dan Sullivan eligible for ballot in Alaska Senate race, judge rules
A man with the same name and party affiliation as Alaska Republican U.S. Sen. Dan Sullivan is eligible to challenge the senator in the August primary, a judge ruled Friday.
How much water does AI really use?
The heaviest demand on America's water supply isn't data centers or AI. It's from everyday uses such as growing food, watering lawns and flushing toilets.
Historian retraces Underground Railroad to mark America's 250-year journey
Anthony Cohen has spent his life bringing attention to the Underground Railroad, secret routes once used by enslaved people seeking freedom.
Michigan parents charged with murder after boy found to be 250+ pounds
Two Flint Township, Michigan, parents, are facing several charges, including second-degree murder, in the death of their 7-year-old son, who was 255 pounds and abused and neglected, according to the Genesee County prosecutor.
U.S.
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4 dead in Kentucky after heavy rain and floods, governor says
Four people have died due to flooding from thunderstorms in Kentucky, Gov. Andy Beshear said Saturday, and he issued a state of emergency with additional rainfall expected.
Historian retraces Underground Railroad to mark America's 250-year journey
Anthony Cohen has spent his life bringing attention to the Underground Railroad, secret routes once used by enslaved people seeking freedom.
Second Dan Sullivan eligible for ballot in Alaska Senate race, judge rules
A man with the same name and party affiliation as Alaska Republican U.S. Sen. Dan Sullivan is eligible to challenge the senator in the August primary, a judge ruled Friday.
Trump nominates former Oklahoma trooper Lance Schroyer to be ICE director
President Trump on Saturday said he has nominated Lance Schroyer to be the next director of U.S. Immigration and Customs Enforcement.
Letlow wins Louisiana GOP Senate runoff, AP projects
Louisianans voted Saturday in the state's Republican Senate runoff, as two candidates vied to replace Sen. Bill Cassidy, who did not receive enough votes in the primary to advance.
MoneyWatch
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Gadget prices have fallen for decades. Then AI happened.
The race to build AI data centers is leading to a global shortage of memory chips, driving up the cost of personal electronics.
Trump vows immediate 100% tariff if countries levy digital services tax
Countries that tax U.S. companies offering digital products and services would immediately face a 100% tariff on their exports to the U.S., President Trump said.
Nude portrait by Amedeo Modigliani sets record at auction
The Modigliani painting "Nu assis au collier" (Seated Nude Wearing a Necklace) sold for $63.9 million, the highest price achieved for a work by the artist sold at auction in Europe, Sotheby's said.
Apple and Microsoft are raising their prices as chip costs soar
Apple is raising the prices of some MacBooks and iPads, while Microsoft is raising Xbox prices as semiconductor costs surge.
Big Tech is spending trillions on AI. Investors want proof it'll pay off.
Technology companies are betting trillions of dollars that consumers will open their wallets for AI services. But what if Big Tech is wrong?
Politics
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Second Dan Sullivan eligible for ballot in Alaska Senate race, judge rules
A man with the same name and party affiliation as Alaska Republican U.S. Sen. Dan Sullivan is eligible to challenge the senator in the August primary, a judge ruled Friday.
Letlow wins Louisiana GOP Senate runoff, AP projects
Louisianans voted Saturday in the state's Republican Senate runoff, as two candidates vied to replace Sen. Bill Cassidy, who did not receive enough votes in the primary to advance.
Buttigieg targeted by fake report to child protective services
Michigan State Police said law enforcement and Child Protective Services confirmed a report against Pete Buttigieg was unsubstantiated and false.
U.S. strikes targets in Iran after drone attack on cargo ship
The U.S. military says it hit Iranian targets over Iran's drone attack on a commercial vessel in the Strait of Hormuz, marking the first American strikes on Iran since the two countries formally agreed to extend a ceasefire last week.
Trump vows immediate 100% tariff if countries levy digital services tax
Countries that tax U.S. companies offering digital products and services would immediately face a 100% tariff on their exports to the U.S., President Trump said.
HealthWatch
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Mom gets answers after fighting for diagnosis: "Something's wrong"
Michelle Williams struggled with high blood pressure and swelling for years before she was finally diagnosed with an unusual condition.
Internal emails show how RFK Jr.'s team sought to sway the CDC
A trove of emails offers a new look at how the Centers for Disease Control and Prevention navigated some of the most controversial decisions of President Trump's second term.
Chris Evert announces her ovarian cancer has returned
American tennis legend Chris Evert announced that her ovarian cancer had returned in a social media post Thursday.
Democrats to propose bill capping out-of-pocket Medicare costs for enrollees
Some Senate Democrats want to cap the amount beneficiaries in traditional Medicare have to pay toward care, but the move is expected to draw GOP opposition for potentially adding billions to Medicare costs.
Medicare's AI push snarls patients and doctors in errors and delays
Medicare is testing the use of artificial intelligence to preapprove several healthcare services.
World
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Germany, Denmark, Switzerland hit heat records as Europe sizzles
Germany hit a high of 106 degrees on Saturday, according to the country's national weather service.
Dissident who fled China by boat arrives in Canada, his friend says
Dong Guangping landed in Toronto following an Air Canada flight on Friday, his friend said.
Venezuela death toll rises as search for earthquake survivors continues
Venezuelans have taken the search for missing loved ones into their own hands, citing a scarcity of government rescuers.
U.S. strikes targets in Iran after drone attack on cargo ship
The U.S. military says it hit Iranian targets over Iran's drone attack on a commercial vessel in the Strait of Hormuz, marking the first American strikes on Iran since the two countries formally agreed to extend a ceasefire last week.
Convicted rapist who faked death and fled U.S. has died
Nicholas Rossi, 38, was serving at least 10 years in prison in Utah following his convictions in 2025 in two sexual assault cases.
Entertainment
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Entertainment
Speculation grows over Swift-Kelce wedding
Sources in City Hall say an application has been filed for an event in and around Madison Square Garden on Friday for 999 people, as speculation about Taylor Swift and Travis Kelce's wedding grows. Ali Bauman reports.
The voice behind your favorite cartoon characters
Jeff Bergman, who voices nearly all of the modern Looney Tunes cast, sits down with "CBS Saturday Morning" to talk about stepping in for Don Rickles as Mr. Potato Head in "Toy Story 5."
Kevin Morby performs "Javelin"
Kansas City-based singer-songwriter Kevin Morby has been likened to Bob Dylan and Tom Petty, with his rich, soulful lyrics across eight studio albums. His latest album, "Little Wide Open" was produced by The National's Aaron Dessner. Here's Kevin Morby performing "Javelin."
Kevin Morby performs "Badlands"
Kansas City-based singer-songwriter Kevin Morby has been likened to Bob Dylan and Tom Petty, with his rich, soulful lyrics across eight studio albums. His latest album, "Little Wide Open" was produced by The National's Aaron Dessner. Here's Kevin Morby performing "Badlands."
Kevin Morby performs "100,000"
Kansas City-based singer-songwriter Kevin Morby has been likened to Bob Dylan and Tom Petty, with his rich, soulful lyrics across eight studio albums. His latest album, "Little Wide Open" was produced by The National's Aaron Dessner. Here's Kevin Morby performing "100,000."
Technology
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Technology
California creates AI job trend tracker
California now has the nation's first dashboard to publicly track artificial intelligence-related job trends, ones created and ones lost. As of now, early findings show no evidence of rising statewide unemployment from jobs exposed to AI. Till von Wachter, a faculty director of the California Policy Lab at UCLA, joins "The Takeout" to discuss.
Gadget prices have fallen for decades. Then AI happened.
The race to build AI data centers is leading to a global shortage of memory chips, driving up the cost of personal electronics.
How AI powered robots are helping small farms
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
Apple, Microsoft announce price hikes
Apple and Microsoft announced they're hiking prices for some electronic products, including computers and XBOX consoles, citing a shortage of memory chips. CNET editor-at-large Scott Stein weighs in.
How much water does AI really use?
The heaviest demand on America's water supply isn't data centers or AI. It's from everyday uses such as growing food, watering lawns and flushing toilets.
Science
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Astronomers find 2 gigantic planets lighter than cotton candy
The featherweight pair — orbiting a star 1,110 light-years away — are the biggest exoplanets found to have less density than cotton candy.
Ancient Egyptian burial site reveals centuries of changing traditions
Human and animal remains unearthed in Egypt's Nile Delta reveal changing funerary practices over some 600 years, and the evolution of a key site itself.
Telescope snaps most detailed photo yet of Milky Way's heart
Euclid is on a mission to chart one-third of the sky in the hopes of shedding light on the enduring mysteries of dark matter and dark energy.
Interstellar comet may be oldest object ever seen in solar system
Exactly where the comet 3I/ATLAS came from within the Milky Way remains a mystery.
6/21: Sunday Morning
Hosted by Lee Cowan. Featured: Birthright citizenship; the Theodore Roosevelt Presidential Library unveiled; Shooter Jennings releases recordings by his father, Waylon Jennings; comedian John Mulaney; childhood obesity; and the secrets of seahorses and seadragons.
Crime
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Michigan parents charged with murder after boy found to be 250+ pounds
Two Flint Township, Michigan, parents, are facing several charges, including second-degree murder, in the death of their 7-year-old son, who was 255 pounds and abused and neglected, according to the Genesee County prosecutor.
Billionaire Leon Black testifies on Epstein
Billionaire Leon Black testified before the House Oversight Committee on Friday. After Black ended the interview, the committee issued two subpoenas. Democratic Rep. Suhas Subramanyam of Virginia, a member of the House Oversight Committee, joins "The Takeout" to discuss this and the U.S. strike on Iran.
Minnesota fraud suspect arrested in Somalia after 4 years on the run, officials say
Abdikerm Eidleh, accused of playing a key role in the Feeding Our Future fraud scheme, was arrested in Somalia after more than four years, federal officials said.
Mistrial ruled in Palisades Fire arson case
A judge declared a mistrial in the case against a man accused of starting a fire that grew into the deadly 2025 Palisades Fire. The jury was deadlocked during deliberations. CBS News Los Angeles has more.
Convicted rapist who faked death and fled U.S. has died
Nicholas Rossi, 38, was serving at least 10 years in prison in Utah following his convictions in 2025 in two sexual assault cases.
Space
More Space
Astronomers find 2 gigantic planets lighter than cotton candy
The featherweight pair — orbiting a star 1,110 light-years away — are the biggest exoplanets found to have less density than cotton candy.
Telescope snaps most detailed photo yet of Milky Way's heart
Euclid is on a mission to chart one-third of the sky in the hopes of shedding light on the enduring mysteries of dark matter and dark energy.
Interstellar comet may be oldest object ever seen in solar system
Exactly where the comet 3I/ATLAS came from within the Milky Way remains a mystery.
Researchers find "Pink Planet" has salty clouds: "We were very surprised"
The "Pink Planet," formally known as GJ504b, was discovered in 2013 and is technically not a planet but rather a "planetary-mass companion."
NASA chief defends choice of all-male crew for Artemis III mission
NASA's Jared Isaacman says the crew was selected solely based on their experience, expertise and availability for flight assignment.
Latest Galleries
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Celebrations at Obama Presidential Center
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
Notable Deaths in 2026
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Summer music highlights of 2026
Summer is the time to enjoy live music, indoors and out. Scroll through our gallery of some of 2026's leading musical acts, featuring images by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Who is Alix Tichelman?
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Latest CBS News Videos
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Latest CBS News Videos
6/27: CBS Weekend News
High winds and heat are fueling Utah's out-of-control wildfires; Iranian drones target Bahrain after U.S. strikes Iran.
Speculation grows over Swift-Kelce wedding
Sources in City Hall say an application has been filed for an event in and around Madison Square Garden on Friday for 999 people, as speculation about Taylor Swift and Travis Kelce's wedding grows. Ali Bauman reports.
Rescue workers dig for survivors in Venezuela
Rescuers are in a race against time in Venezuela to save survivors of the earthquakes that hit nearly three days ago. Rescue workers from Virginia and California have arrived to help. Camilo Montoya-Galvez reports.
Major wildfires burn across western U.S.
Several major wildfires burned across the western U.S. this weekend. Utah declared a state of emergency as scorching heat fueled the flames. Adam Yamaguchi reports and Andrew Kozak has the forecast.
New volley of strikes between U.S. and Iran
U.S. forces have struck additional targets near the Strait of Hormuz, U.S. Central Command said. Earlier on Saturday, Iran struck another ship in the strait and took aim at a U.S. ally. Aaron Navarro reports from the White House.