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.
Trump meeting with Xi Jinping in Beijing
President Trump and Chinese President Xi Jinping are meeting in Beijing, as the two countries aim to stabilize their trading relationship.
Exclusive
DHS chief on ICE's role at World Cup: "We're not there to go round up" people
Secretary of Homeland Security Markwayne Mullin told CBS News that ICE arrests at the FIFA World Cup are not off the table, but the agency will not be at the global sporting event for the purpose of immigration arrests.
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Iran insists it's ready for a new U.S. attack as Trump in China for state visit
Iran's military says it's trained and ready for any new U.S. assault as President Trump predicted a "long talk" about the war with China's President Xi in Beijing.
Why Taiwan is a major flashpoint between the U.S. and China
For decades, U.S. presidents have remained steadfast in their defense of the tiny Asian ally from its neighboring giant.
Kouri Richins sentenced in husband's fentanyl-laced cocktail murder
Utah mom Kouri Richins was sentenced to life without the possibility of parole on Wednesday, after a jury convicted her of murder and other charges in her husband's 2022 death.
Body of second U.S. soldier who went missing in Morocco recovered
The Army identified the soldier as Spc. Mariyah Collington.
Court overturns Alex Murdaugh's murder convictions, orders new trial
Alex Murdaugh was convicted of his killing his wife and his son at the family's home in 2021.
Lutnick testified he knew little about Epstein, his next-door neighbor
Commerce Secretary Howard Lutnick said he was unaware for years that Jeffrey Epstein was a registered sex offender, according to a transcript of testimony released Wednesday.
Sen. Rand Paul's son confronted Rep. Mike Lawler in drunken, antisemitic rant
The senator's son apologized Wednesday, saying he was seeking help for his drinking problem.
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Denise Powell projected to win Democratic primary in key Nebraska district
The state's electoral system was a key issue in the 2nd Congressional District primary to replace GOP Rep. Don Bacon.
Why Taiwan is a major flashpoint between the U.S. and China
For decades, U.S. presidents have remained steadfast in their defense of the tiny Asian ally from its neighboring giant.
Body of second U.S. soldier who went missing in Morocco recovered
The Army identified the soldier as Spc. Mariyah Collington.
Sen. Rand Paul's son confronted Rep. Mike Lawler in drunken, antisemitic rant
The senator's son apologized Wednesday, saying he was seeking help for his drinking problem.
Lutnick testified he knew little about Epstein, his next-door neighbor
Commerce Secretary Howard Lutnick said he was unaware for years that Jeffrey Epstein was a registered sex offender, according to a transcript of testimony released Wednesday.
MoneyWatch
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Musk flew to China near end of OpenAI trial, after judge warned he could be recalled
Elon Musk arrived in Beijing on Wednesday, as his $150 billion lawsuit against OpenAI's Sam Altman played out. But a judge told Musk last month he may be recalled to a California courtroom for further testimony at the request of OpenAI lawyers.
AI is fabricating citations in biomedical studies, researchers find
"Your doctor could be making decisions around treatment based on studies that never existed," one expert said.
How much sway will new Fed Chair Kevin Warsh have over interest rates?
Fed chairs usually have a great deal of influence over the committee that sets interest rates, but their power is not absolute. And experts say Warsh will need to work to form consensus.
Senate confirms Kevin Warsh as Fed chair as Trump presses for lower rates
The Senate voted to confirm Kevin Warsh as chairman of the Federal Reserve, marking a victory for President Trump.
CEOs worth nearly $1 trillion accompany Trump to China
The delegation of business leaders underscores the deep ties many major U.S. companies maintain with China despite years of trade tensions.
Politics
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Trump meeting with Xi Jinping in Beijing
President Trump and Chinese President Xi Jinping are meeting in Beijing, as the two countries aim to stabilize their trading relationship and grapple with uncertainty over Iran.
Musk flew to China near end of OpenAI trial, after judge warned he could be recalled
Elon Musk arrived in Beijing on Wednesday, as his $150 billion lawsuit against OpenAI's Sam Altman played out. But a judge told Musk last month he may be recalled to a California courtroom for further testimony at the request of OpenAI lawyers.
Denise Powell projected to win Democratic primary in key Nebraska district
The state's electoral system was a key issue in the 2nd Congressional District primary to replace GOP Rep. Don Bacon.
Why Taiwan is a major flashpoint between the U.S. and China
For decades, U.S. presidents have remained steadfast in their defense of the tiny Asian ally from its neighboring giant.
Exclusive
DHS chief Mullin says agency has no plan to shut down "Alligator Alcatraz"
DHS Secretary Markwayne Mullin said the department has no plan to shut down Alligator Alcatraz, following reports that companies hired by Florida to operate the detention center were told it would close.
HealthWatch
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HealthWatch
No Americans showing hantavirus symptoms
Jake Rosmarin is one of the 16 Americans at the University of Nebraska Medical Center being monitored for signs of hantavirus. Ian Lee spoke with him and has more details.
AI is fabricating citations in biomedical studies, researchers find
"Your doctor could be making decisions around treatment based on studies that never existed," one expert said.
New Yorker describes hantavirus quarantine experience after cruise ship outbreak
A New York native is among 16 American passengers who are quarantining in Nebraska after being on the cruise ship that is at the center of the deadly hantavirus outbreak.
Overdose deaths fall for 3rd straight year, CDC data shows
This marks the longest decline in overdose deaths in decades, according to preliminary government data.
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How diet and nutrition may help boost your brain health
Alzheimer's Association CEO and president Joanne Pike shares some recommendations on which foods to eat, and which foods to limit, for better brain health. (Sponsored by the Alzheimer's Association.)
World
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Trump meeting with Xi Jinping in Beijing
President Trump and Chinese President Xi Jinping are meeting in Beijing, as the two countries aim to stabilize their trading relationship and grapple with uncertainty over Iran.
Why Taiwan is a major flashpoint between the U.S. and China
For decades, U.S. presidents have remained steadfast in their defense of the tiny Asian ally from its neighboring giant.
Body of second U.S. soldier who went missing in Morocco recovered
The Army identified the soldier as Spc. Mariyah Collington.
Lawmakers seek crackdown on China-owned U.S. farmland
President Trump's meeting with Chinese President Xi Jinping comes as members of Congress are calling for a crackdown on China's ability to acquire U.S. farmland, citing national security concerns.
Exclusive
Netanyahu made secret visit to UAE to meet with country's president, Israel says
Israeli Prime Minister Benjamin Netanyahu recently made a secret visit to the United Arab Emirates, where he met with President Mohammed bin Zayed, sources told CBS News.
Entertainment
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Entertainment
Troubling trend for touring musicians
Major musicians from Post Malone to Meghan Trainor have recently struggled to sell out stadiums and arenas for their tours. It's a troubling trend being called "blue dot fever" and has led to entertainers canceling some or all of their shows. Ash-har Quraishi reports.
Geena Davis talks new series "The Boroughs"
Actor Geena Davis talks about starring in the new series "The Boroughs," if there are parallels between herself and the character she plays, and why she's drawn to supernatural projects. She also addresses representation in the entertainment industry.
"Top Gun" celebrates 40 years
The action movie "Top Gun," starring Tom Cruise, was released 40 years ago. To celebrate its anniversary, the film and its sequel, "Top Gun: Maverick," are returning to AMC theaters nationwide for one week. Vladimir Duthiers reports.
Stars of "Dutton Ranch" on reprising roles
Kelly Reilly and Cole Hauser, the stars and executive producers of "Dutton Ranch," sit down with "CBS Mornings" to talk about reprising their "Yellowstone" roles for the series spinoff. The series premieres May 15 on Paramount+.
Dua Lipa alleges Samsung uses copyrighted image of her to sell TVs
Pop singer accuses electronics manufacturer Samsung of using a copyrighted image of her face to sell TVs.
Technology
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Technology
China's most critical issue: Taiwan
Chinese President Xi Jinping has called Taiwan "the most important issue" between his country and the U.S. About 10% of the population in Taiwan wants to reunify with mainland China, and there are real fears that it will fall under communist control. Tony Dokoupil and Anna Coren break down its importance to China and the U.S.
Companies hiring humans to train AI platforms
AI training is an emerging job market where those with specialized skills are paid to train bots to be more accurate and human-like in their responses. The CBS News MoneyWatch team spoke with multiple hiring platforms that pair human experts with AI training jobs. Megan Cerullo has more.
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.
How AI is changing travel
Almost every industry worldwide is integrating artificial intelligence into its operations, and the airline industry is no different. Booking.com CEO Glenn Fogel joins "The Takeout" to discuss AI's impact on travel.
Tips to boost your phone's battery life
As smartphones become more advanced, are batteries keeping up? CNET senior mobile expert Abrar Al-Heeti joins to explain how you can improve your phone's battery life.
Science
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Emperor penguins in focus as Antarctica talks start in Japan
Greater protections for endangered emperor penguins and how to manage growing tourism are topping the agenda at talks on Antarctica in Japan.
What's in the released UFO files?
The Pentagon released UFO documents on Friday, with President Trump telling the public to "have fun" deciding for itself what is going on. Carter Evans reports.
Trump: UFO files released for transparency
Defense Secretary Pete Hegseth said it's time for the American people see it for themselves, as the Pentagon started releasing previously classified documents related to UFOs and UAPs. CBS News Pentagon reporter Eleanor Watson has more.
"The Age of Disclosure" director on UFO files
The Pentagon on Friday released and declassified numerous files on UFOs, including eyewitness testimony, photos and reports. Government knowledge of non-human intelligent life was the subject of the documentary "The Age of Disclosure," released in February. Its director and producer, Dan Farah, joins CBS News to discuss.
Pentagon begins releasing UFO files: "It's time the American people see"
Defense Secretary Pete Hegseth said in a statement that the documents "have long fueled justified speculation — and it's time the American people see it for themselves."
Crime
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Crime
Videos show shots fired in Philippine Senate
Warning: Distressing video. Authorities in the Philippines tried to arrest a senator on Wednesday, resulting in a burst of gunfire in the Philippine Senate, according to an Associated Press journalist and other witnesses.
Alex Murdaugh to be tried again
Alex Murdaugh's double murder trial drew national attention, but three years later, South Carolina's Supreme Court tossed aside his conviction. Mark Strassmann reports on the new developments.
Why Alex Murdaugh is getting a new trial
Three years after Alex Murdaugh was convicted of killing his wife and son, the South Carolina Supreme Court on Wednesday overturned the verdict and granted Murdaugh a new trial. CBS News' Katrina Kaufman reports.
Kouri Richins speaks at sentencing hearing
Kouri Richins, the Utah mom convicted of murdering her husband, spoke for nearly 40 minutes at her sentencing hearing on Wednesday. Richins apologized to her sons and told them to "take care of one another." She was later sentenced to life without parole.
Kouri Richins sentenced to life without parole
A judge on Wednesday sentenced Kouri Richins, a Utah mom who wrote a book about grief, to life without parole for the murder of her husband. CBS News' Shanelle Kaul has the latest.
Space
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UFO files reveal astronauts saw mysterious objects and lights in 1972
NASA's Apollo 17 crew reported seeing three mysterious dots and sparks that resembled fireworks, according to new files released by the Pentagon.
Pentagon begins releasing UFO files: "It's time the American people see"
Defense Secretary Pete Hegseth said in a statement that the documents "have long fueled justified speculation — and it's time the American people see it for themselves."
Mysterious world beyond Pluto may have atmosphere, study says
If confirmed, the rock would become just the second world past Neptune in our solar system to host an atmosphere.
Artemis crew surprises 5-year-old aspiring astronaut with special gift
The Artemis II team gained a new member, and the crew made sure their youngest teammate had the right stuff for space.
Artemis II crew reveals what snack they ate right after splashdown
The Artemis II astronauts said they actually really enjoyed the space food, but it was a familiar candy they enjoyed after splashing down in the Pacific Ocean.
Latest Galleries
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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.
Evidence in the Barbara Kendhammer case
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
The life & near death of prizefighter Christy Salters-Martin
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
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
Watch: Trump, Xi arrive for summit
President Trump and Xi Jinping arrived for their high-stakes summit Thursday morning in Beijing. They are expected to discuss trade, Taiwan and the war with Iran. Jessi Mitchell anchors CBS News' special report.
Study: Cash can help prevent homelessness
New research from Johns Hopkins School of Public Health shows that one-time direct cash payments of, on average, $3,700 can help prevent young people from falling into homelessness. Larry Cohen, co-founder and executive director of Point Source Youth, joins "The Daily Report" to discuss.
Videos show shots fired in Philippine Senate
Warning: Distressing video. Authorities in the Philippines tried to arrest a senator on Wednesday, resulting in a burst of gunfire in the Philippine Senate, according to an Associated Press journalist and other witnesses.
5/13: The Takeout with Major Garrett
President Trump's trip to China gets underway; DHS Secretary Markwayne Mullin details what ICE agents will be doing at World Cup games.
What led to so-called "learning recession"?
The annual Education Scorecard is highlighting a long-term decline in learning among American students. CBS News national correspondent Meg Oliver breaks down the results.