Here are the credit products already cheaper after the Fed's rate cut
Lenders are already lowering rates on some products, providing savings to borrowers. Here's what to know.
Mortgage Rates
Federal Reserve interest rate cut effect
The Federal Reserve's interest rate cut announcement has already affected the prices of some mortgage rates and credit card interest rates. CBS MoneyWatch associate managing editor Aimee Picchi reports.
Interest rate cuts impact stock prices
The Federal Reserve Board's announcement to cut interest rates has made stocks surge for now and mortgage rates slightly drop. CBS News senior business and technology correspondent Jo Ling Kent looks at the data.
How one first-time homebuyer spent three years searching for a house
The real estate market is especially tough for first-time homebuyers like Shruti Chauhan, who has been hunting for years.
Spotting scams when homebuying, renting
The CBS News Confirmed team investigated housing scams that are impacting Americans nationwide. CBS News national consumer correspondent Ash-har Quraishi has more on avoiding scams when buying or renting a home.
Challenges facing first-time home buyers
Many prospective first-time home buyers feel like they're at a disadvantage as they face high interest rates and competition from a spiking number of all-cash offers. CBS News correspondent Nancy Chen has more.
Mortgage rates fall to lowest since April 2023. Here's where they're headed.
The Average rate for 30-year fixed mortgage now stands at 6.44%, the lowest in 16 months, according to the Mortgage Bankers Association.
Here are the top zip codes for home sales, according to Realtor.com
Metros in the Midwest and Northeast stole the top slots on this year's list.
Powell signals interest rate cuts coming
Federal Reserve Chair Jerome Powell signaled Friday that the economy is ready for interest rate cuts, a move economists have been expecting will take place in September. CBS News contributor Javier E. David has more.
Mortgage rates starting to come down
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.
Mortgage rates tumble to lowest since April 2023 after weak jobs report
Homebuyers are getting some relief from high borrowing costs as mortgage rates sink on expectations the Federal Reserve will cut rates.
Zombie mortgages come back to haunt homeowners
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.
How zombie mortgages haunt homeowners
Zombie debt refers to long-forgotten or old debts that resurface, often with accumulated interest and fees, threatening the financial stability of unsuspecting homeowners and sometimes leading to foreclosures. CBS News national consumer correspondent Ash-har Quraishi reports.
California mom had no idea she owed thousands
Teresa modified her home mortgage back in 2009 during the financial crisis, and thought she was making payments on her second mortgage every month. She's discovered she's overdue on thousands of payments for this "zombie debt," and fears losing her home.
Man says zombie mortgage led to foreclosure
Jose Arzate of Santa Maria, California, says he was taken by surprise when sheriff's deputies evicted him. He says he never knew he owed tens of thousands of dollars in "zombie mortgage" debt.
Veteran could lose home due to zombie mortgage
Laverne Simmons of Inglewood, California, says she never got bills for a decade-old debt. Now this "zombie mortgage" could cost her the home she loves.
18 million Americans are house poor, new study shows
Millions of U.S. homeowners are spending more than 30% of their monthly income on housing. Here are the hardest hit states.
The state of inflation in the U.S.
There are some indications that prices are falling in some parts of the U.S. economy. This comes after the Federal Reserve's announcement to hold interest rates steady for now. CBS News contributor Javier E. David looks at some key economic indicators as inflation slows slightly.
Federal Reserve holds interest rates steady
The Federal Reserve is leaving interest rates unchanged for now as it awaits a more sustained period of declining inflation in the U.S. economy. CBS News contributors J.D. Durkin and Javier E. David break down the decision.
Mortgage closing fees are in the hot seat. Here's why feds are looking into them.
As home prices nationwide continue to climb, the federal government is looking into a recent spike in upfront costs associated with buying a house.
Home prices reach $387,600 record high, putting a damper on spring
Continued demand and lack of inventory are driving up the prices of homes at a time when mortgage rates are also climbing.
Will mortgage rates fall in 2024? Here's what Freddie Mac predicts.
Demand for buying a home will remain strong in 2024 even though mortgage rates have been around 7% this year.
Cost of buying a home in America reaches a new high, Redfin says
The median mortgage payment jumped to a record $2,843 in April, up nearly 13% from a year ago, a new analysis finds.
Tips for buying a home
Mortgage rates soared to their highest level of the year this week, according to Mortgage News Daily. Holden Lewis, a home and mortgage reporter for NerdWallet, joins CBS News with tips on buying a home.
Inflation is sticking around. Here's what that means for your money.
Inflation is moving sideways, remaining above 3% for the first three months of 2024. Here's how that could impact your finances.
Live
Senate fails to advance DHS funding for 7th time, Trump promises to restart TSA pay
President Trump said he would sign an executive order to "immediately" pay TSA officers, who have gone without pay for more than a month. Follow live updates.
Judge blocks Pentagon from labeling Anthropic AI a "supply chain risk"
A judge has blocked the Trump administration from labeling Anthropic a supply chain risk and cutting off all federal work with the artificial intelligence firm, an early win for Anthropic in its bitter feud with the government.
Live
Witkoff floats Iran peace proposal as Trump extends pause on energy plant strikes
President Trump on Thursday extended a pause on striking Iranian energy infrastructure until April 6.
Trump says he'll order DHS to start paying TSA officers as shutdown drags on
President Trump said he will sign an executive order to restart pay for TSA officers, who have gone more than a month without a full paycheck.
Siblings indicted after explosive device found outside Air Force base
MacDill Air Force Base in Tampa, Florida, is home to U.S. Central Command, U.S. Special Operations Command and the Air Force's Air Mobility Command.
Trump's signature to be featured on U.S. paper currency, Treasury says
The Treasury Department plans to add President Trump's signature to new U.S. paper currency, a first for a sitting president.
Black Hawk chopper crossed path of United flight in California, FAA says
United Airlines said the pilots saw the helicopter, received a traffic alert and leveled the aircraft.
Trump says he's granting Iran's request to extend pause on energy site strikes
President Trump announced the extension of the pause "per Iranian government request."
DOJ tells judge it incorrectly used ICE memo for immigration court arrests
Justice Department lawyers said in the memo that it was a "regrettable error" to cite the memo in monthslong litigation.
U.S.
More U.S.
Trump says he'll order DHS to start paying TSA officers as shutdown drags on
President Trump said he will sign an executive order to restart pay for TSA officers, who have gone more than a month without a full paycheck.
Trump's signature to be featured on U.S. paper currency, Treasury says
The Treasury Department plans to add President Trump's signature to new U.S. paper currency, a first for a sitting president.
Trump says he's granting Iran's request to extend pause on energy site strikes
President Trump announced the extension of the pause "per Iranian government request."
Black Hawk chopper crossed path of United flight in California, FAA says
United Airlines said the pilots saw the helicopter, received a traffic alert and leveled the aircraft.
Why this week's social media verdicts could hold tech giants to account
Experts say the rulings could expose tech companies to more litigation and pressure them to make changes to their apps.
MoneyWatch
More MoneyWatch
Judge blocks Pentagon from labeling Anthropic AI a "supply chain risk"
A judge has blocked the Trump administration from labeling Anthropic a supply chain risk and cutting off all federal work with the artificial intelligence firm, an early win for Anthropic in its bitter feud with the government.
Why this week's social media verdicts could hold tech giants to account
Experts say the rulings could expose tech companies to more litigation and pressure them to make changes to their apps.
Americans face calls to cut their energy usage as Iran war drags on
As oil prices surge, some experts are urging consumers to take energy-conserving steps like working from home or driving less.
As wealth taxes gain traction, Warren proposes levy on the ultra-rich
Sen. Elizabeth Warren's bill would raise taxes on households worth more than $50 million and on billionaires.
USPS to add temporary fuel surcharge for some postage prices
The U.S. Postal Service is raising some postage prices to help offset the federal agency's rising transportation costs as fuel prices surge.
Politics
More Politics
Judge blocks Pentagon from labeling Anthropic AI a "supply chain risk"
A judge has blocked the Trump administration from labeling Anthropic a supply chain risk and cutting off all federal work with the artificial intelligence firm, an early win for Anthropic in its bitter feud with the government.
Trump says he'll order DHS to start paying TSA officers as shutdown drags on
President Trump said he will sign an executive order to restart pay for TSA officers, who have gone more than a month without a full paycheck.
Trump's signature to be featured on U.S. paper currency, Treasury says
The Treasury Department plans to add President Trump's signature to new U.S. paper currency, a first for a sitting president.
CBS News poll analysis on what jobs AI should be doing
As AI use rises, many see it decreasing the number of jobs available.
Trump says he's granting Iran's request to extend pause on energy site strikes
President Trump announced the extension of the pause "per Iranian government request."
HealthWatch
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What to know about the "wild, wild West" of viral peptide claims
Here's what to know about peptides, what they can and can't do, and what's driving viral claims about possible health benefits online.
CDC's acting chief promises a return to stability in a tumultuous moment
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.
FDA says billionaire's claims about cancer drug Anktiva are misleading
Federal health officials posted a warning about misleading statements by biotech billionaire Dr. Patrick Soon-Shiong about his company's bladder cancer drug Anktiva.
More parents are refusing routine newborn preventative care, study finds
Doctors fear that skepticism, fueled by anti-science sentiment and mistrust, is extending beyond vaccines to other proven, routine care.
Complex procedure saves officer with chest pain, heart condition
Transit Officer Paul DeGeorge thought his son was lying on him. Then he realized something much scarier was happening.
World
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Sharks in Bahamas test positive for caffeine, painkillers, cocaine
Marine biologists found detectable levels of caffeine, cocaine and the over-the-counter painkillers in the blood of 28 sharks.
Transgender women athletes banned from women's Olympic events
Transgender women athletes are now excluded from women's events at the Olympics after the IOC agreed to a new eligibility policy on Thursday.
Russia is helping Iran with intel to kill Americans, says top EU diplomat
Russia is providing intelligence support to Iran in the Middle East war to "kill Americans," Kaja Kallas said Thursday.
Alleged Hezbollah member on U.S. terror list is arrested in Ecuador
The Syrian man has been identified as a terrorist threat by the U.S. for belonging to Iran-backed militant group Hezbollah.
Rare mountain gorilla twins born in national park again
Twin mountain gorillas were recently born in the Virunga National Park, renowned for its biodiversity but threatened by conflict.
Entertainment
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Entertainment
Camila Morrone talks new horror series
Camila Morrone, who stars in the series "Something Very Bad Is Going to Happen," speaks to "CBS Mornings" about the show, what intimidated her about the horror genre, and working with the Duffer brothers.
Stunning "Survivor" elimination ceremony
(Spoilers ahead) "CBS Mornings" reveals shocking details about the latest "Survivor" elimination ceremony.
Colbert to co-write "Lord of the Rings" film
Oscar-winning filmmaker Peter Jackson announced on Wednesday that "The Late Show" host Stephen Colbert will co-write the next "Lord of the Rings" movie. "The Late Show" airs its final episode in May.
MLB's "robot umpire" debuts in Yankees-Giants season opener
Major League Baseball's "robot umpire" made its debut in the season-opening New Yankees-San Francisco Giants game in Oracle Park.
New video of Taylor Frankie Paul arrest
A newly released video shows the police interactions with Taylor Frankie Paul in 2023 that led to charges, including domestic violence in the presence of a child. CBS News Shanelle Kaul has the latest.
Technology
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Technology
Kentucky family rejects millions for land
A mother and daughter in Kentucky have turned down a $26 million offer for their land. The offer came from an unnamed tech company wanting to build a data center. CBS News' Jared Ochacher spoke with the family.
CBS News poll analysis on what jobs AI should be doing
As AI use rises, many see it decreasing the number of jobs available.
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.
What jobs are most at risk from AI
New research from the Society of Human Resource Management shows which regions and jobs are most at risk from artificial intelligence. Johnny Taylor, president and CEO of SHRM, joins CBS News to discuss the findings.
Why this week's social media verdicts could hold tech giants to account
Experts say the rulings could expose tech companies to more litigation and pressure them to make changes to their apps.
Science
More Science
Sharks in Bahamas test positive for caffeine, painkillers, cocaine
Marine biologists found detectable levels of caffeine, cocaine and the over-the-counter painkillers in the blood of 28 sharks.
What to know about the "wild, wild West" of viral peptide claims
Here's what to know about peptides, what they can and can't do, and what's driving viral claims about possible health benefits online.
Amputee sea turtle being tracked at sea from space
The staff at a Florida sea turtle hospital is monitoring some animals they've rehabilitated from space -- especially amputees, such as one they named Amelie, who's back at sea.
600-year-old pinot noir grape seed found in medieval hospital
The seed reveals that people in France have been cultivating the popular variety of grape since at least the 1400s, scientists say.
Pit viper among new species discovered in cave in Cambodia
Researchers in Cambodia surveyed dozens of previously unexplored caves and found several species never seen before, including a pit viper that is still being studied.
Crime
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Crime
Inside NYPD's gender based violence unit
The nation's largest police department, the NYPD, has launched a new unit designed to revolutionize how it approaches survivors of gender-based violence. CBS News got an exclusive first look inside the policy and training facility. CBS News' Anna Schecter reports.
Bodycam video shown in attempted murder trial
The trial of a Hawaii doctor accused of attempting to murder his wife while on a hiking trail is underway. CBS News chief correspondent Matt Gutman breaks down footage of the alleged incident that the jury watched on Wednesday. Then, CBS News legal contributor Jessica Levinson joins with analysis.
Judge rejects Maduro's request to dismiss case
Former Venezuelan President Nicolas Maduro appeared at a New York courthouse on Thursday for a hearing in his drug trafficking case. CBS News legal reporter Katrina Kaufman has the details.
Siblings indicted after explosive device found outside Air Force base
MacDill Air Force Base in Tampa, Florida, is home to U.S. Central Command, U.S. Special Operations Command and the Air Force's Air Mobility Command.
Gender-based violence policy, training unit
The New York City Police Department is unveiling its gender-based violence policy and training unit to help survivors and investigate aggressors. CBS News' Anna Schecter reports.
Space
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Fireball captured on video as meteor streaks across Pacific Northwest sky
As the number of people with cameras on their dashboards and doorbells has grown, so have reports of such sightings.
NASA to spend $20 billion on ambitious moon base
In an on-going overhaul of NASA's Artemis program, agency officials say it will take seven years to build a sophisticated base on the moon.
Artemis II back on launch pad for moon mission
NASA's Artemis II rocket is back on the launch pad after repairs inside the massive Vehicle Assembly Building at the Kennedy Space Center. Early next month, NASA will try, for a second time, to send a crew of four on a flyby of the moon. Mark Strassmann has more.
Possible meteorite crashes into Houston area home, officials say
A possible meteorite crashed into a Houston area house on Saturday night, tearing through the roof and two stories of the home, officials said.
Eileen Collins on breaking barriers in space
Retired NASA astronaut and Air Force Col. Eileen Collins joins "CBS Saturday Morning" to discuss her groundbreaking journey to become the first woman to pilot the Space Shuttle and the first to command a Space Shuttle mission.
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
More Latest CBS News Videos
Latest CBS News Videos
Teen has only perfect March Madness bracket left
People filled out more than 40 million NCAA tournament brackets across the men's and women's games, but there is just one bracket left that is perfect. Tony Dokoupil has the story.
TSA officers selling plasma to make ends meet
Over 40 days into the partial government shutdown, nearly 500 TSA officers have quit. Jason Allen reports.
Siblings indicted in alleged IED plot at MacDill
Two siblings have been charged after an improvised explosive device was left outside MacDill Air Force Base in Tampa, Florida, earlier this month, federal prosecutors announced. Cristian Benavides has details.
What are uterine fibroids?
Oscar-winning actress Lupita Nyong'o is helping to raise awareness about a common, often painful medical condition affecting millions of women by sharing her own experience with uterine fibroids. Gynecologist Dr. Tara Shirazian joins "The Daily Report" to discuss.
What will troops be doing in the Middle East?
President Trump extended his deadline for Iran to open the Strait of Hormuz before he orders strikes on the country's power plants. CBS News national security analyst Aaron MacLean has more.