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.
Mortgage Rates
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.
Jobs grow in February, unemployment rises
The U.S. economy added 275,000 jobs in February and the unemployment rate unexpectedly rose to 3.9% from 3.7%, according to data released Friday. CBS News business analyst Jill Schlesinger and Daniel Zhao, a lead economist and senior manager at Glassdoor, join CBS News with a look at the numbers.
Here's what's making it so hard to buy a home in the U.S. these days
Aspiring homebuyers face one of the toughest markets in years, with one analyst pointing to a "toxic brews" chilling sales.
Home prices, mortgage rates remain high
While inflation has shown signs of cooling, mortgage rates and home prices are still stubbornly high, making it challenging for many Americans to buy homes. Elise Preston reports.
Mortgage rates expected to fall slightly
Mortgage rates are expected to fall slightly this year, according to real estate experts looking at the data. Jessica Lautz, the deputy chief economist and vice president of research at the National Association of REALTORS, joins CBS News to discuss if homeowners should refinance their mortgages.
Here's when experts think the Fed could start cutting interest rates
After a hotter-than-expected inflation report on Tuesday, economists now believe the Fed could postpone its first rate cut. Here's what to know.
High rents leave many financially stretched
While rents have been easing for the past few months nationwide, prices are still up significantly compared to before the pandemic, largely due to inflation. Providence, Rhode Island, saw one of the highest rent increases in the U.S. last year, and according to researchers, you need a salary of close to $83,000 to afford a two-bedroom apartment there. Nancy Chen reports.
Why the Fed is holding interest rates steady
The Federal Reserve Board announced it will not change interest rates for now as it eyes how to lower inflation without running the risk of entering a recession. CBS News business analyst Jill Schlesinger looks at the Fed's decision and the upcoming cues to look out for in the economy.
Wall Street closes out week on record upswing
The big picture on Wall Street is that it's been a solid stretch for the American economy. But for those hoping to buy a home, pay rent, or afford groceries, it's not all quite as rosy.
Mortgage rates expected to fall in 2024
Some financial experts expect mortgage rates to decline gradually over the coming months. Mark Hamrick, a senior economic analyst for Bankrate, joins CBS News with the data behind this projection.
Nearly a third of Americans expect mortgage rates to fall in 2024
In a positive sign for the housing market, a growing number of consumers think mortgage rates are likely to decline this year.
Housing market outlook for 2024
Will mortgage rates drop and home prices finally fall in 2024? Chen Zhao, who leads the economics team at Redfin, shares some early predictions for the housing market in 2024.
Mortgage rates starting to slowly drop
Sky-high mortgage rates that scared off some potential home-buyers this year are slowly starting to drop. Rates are now at their lowest level since June after hitting a 23-year high in October. Greg McBride, chief financial analyst at Bankrate, joined CBS News to discuss how much lower rates might go.
Mortgage rate for a typical home loan falls to 6.8% — lowest since June
Mortgage rates are edging down from their highest level in 23 years as inflation around the U.S. continues to cool.
2023 was brutal for homebuyers. Here's what to expect in 2024.
Mortgage rates recently hit their highest levels in more than two decades, pricing many out of the market. Here's what to expect in 2024.
Here's how much you need to earn to afford a home in 97 U.S. cities
"Even places that historically have been affordable now need six figures," according to Redfin's chief economist.
Here's what to do if you get behind on your mortgage payment
Many homeowners are struggling to keep up with their mortgage payments amid rising costs and high inflation. Here's how to catch up.
Thinking of an adjustable-rate mortgage? Here are 3 questions to ask.
Deciding on an adjustable-rate mortgage boils down to how long you plan to own a property and if your income is stable.
What the Fed's rate decision this week could mean for mortgage rates
With mortgage rates topping 8%, some home buyers are hoping to see some relief with the Federal Reserve's next decision.
Home prices and rents have both soared. So is buying or renting the better deal?
Buying a home is now 52% more expensive than renting, a financial gap that is larger than during the 2006 housing bubble.
Mortgage rates touch 8% for the first time since 2000
The average rate for a 30-year home loan crossed the 8% threshold this week, deepening the affordability crisis for homebuyers.
Mortgages rates go up, prices remain high
The climbing interest rates may be keeping prospective home buyers from moving from places they may not necessarily want to live in. Felix Salmon, chief financial correspondent for Axios, joins CBS News with more.
Could a housing market recession be looming?
The lack of housing supply in the United States is related to the ongoing spikes in interest rates. Mark Hamrick, a senior economic analyst for Bankrate, joins CBS News to explain the mortgage "lock-in effect," which may be keeping homes off the market.
Voter data Trump claimed China obtained is easy to get in most states
President Trump called China's acquisition of voter information "the largest compromise of election data in history." In 20 states, anyone can get this information with a simple public request.
Live
U.S. finishes 7th straight night of Iran strikes as Strait of Hormuz freezes up
As the U.S. and Iran escalate attacks 140 days into the war, an industry analyst says "nobody is willing to move" through the Strait of Hormuz.
Trump threatens Canada with higher tariffs over wildfire smoke
President Trump threatened more tariffs on Canada for wildfires that have blanketed large parts of the Midwest and East Coast in smoke in recent days.
House panel probing Epstein asked Leon Black about birthday book, their friendship
Billionaire Leon Black, who paid Epstein $158 million for tax advice, was subpoenaed for a second interview with the House Oversight Committee in September.
Taylor Farms pulls iceberg lettuce linked to cyclosporiasis outbreak
Taylor Farms said none of its branded salads or kits contain the iceberg lettuce associated with the outbreak.
What to know about Trump's claim that over 250K non-citizens are registered to vote
Homeland Security Secretary Markwayne Mullin sent letters to four states alleging that a combined 250,000 non-citizens were registered to vote. Elections experts caution that could be a significant overcount.
Maps show wildfire smoke forecast, air quality alerts in U.S.
Heavy smoke from several large wildfires blazing in Canada and Minnesota is engulfing large swaths of the Midwest and the U.S. East Coast this week.
Trump revisits disputed claims about elections but offers no new proof of fraud
In a primetime address, President Trump alleged the U.S. election system falls "catastrophically short," revisiting a topic that has drawn his attention for years — and making claims that election experts have heavily disputed.
Feeding Our Future fraud ring's alleged No. 2 appears in court after Somalia arrest
Forty-two-year-old Abdikerm Eidleh appeared in federal court in St. Paul on Friday, just weeks after he was arrested in Mogadishu.
U.S.
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DOJ says it's no longer illegal to download TikTok on federal devices
The Justice Department determined this week a federal law banning TikTok from government devices no longer applies to the social video app.
What to know about Trump's claim that over 250K non-citizens are registered to vote
Homeland Security Secretary Markwayne Mullin sent letters to four states alleging that a combined 250,000 non-citizens were registered to vote. Elections experts caution that could be a significant overcount.
2 kidnapped Forest Service workers safe after being zip-tied, held at gunpoint
Two suspects, a father and his adult son who were allegedly armed with guns and knives, have been arrested, authorities said.
Trump threatens Canada with higher tariffs over wildfire smoke
President Trump threatened more tariffs on Canada for wildfires that have blanketed large parts of the Midwest and East Coast in smoke in recent days.
House panel probing Epstein asked Leon Black about birthday book, their friendship
Billionaire Leon Black, who paid Epstein $158 million for tax advice, was subpoenaed for a second interview with the House Oversight Committee in September.
MoneyWatch
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DOJ says it's no longer illegal to download TikTok on federal devices
The Justice Department determined this week a federal law banning TikTok from government devices no longer applies to the social video app.
Taylor Farms pulls iceberg lettuce linked to cyclosporiasis outbreak
Taylor Farms said none of its branded salads or kits contain the iceberg lettuce associated with the outbreak.
Boomer wealth transfer will mostly benefit the already rich, report finds
Trillions of wealth passed down by the baby boomers will likely go to younger Americans who are already rich. Here's how much they'll get.
Coca-Cola temporarily halts production of Fairlife milk after cyberattack
A cybersecurity incident has forced Coca-Cola to suspend Fairlife milk production in the U.S. An investigation is underway.
Trump Media to sell faster access to president's Truth Social posts
"Markets already move on Truth Social posts," the company's chief executive said in the Truth API announcement.
Politics
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DOJ says it's no longer illegal to download TikTok on federal devices
The Justice Department determined this week a federal law banning TikTok from government devices no longer applies to the social video app.
What to know about Trump's claim that over 250K non-citizens are registered to vote
Homeland Security Secretary Markwayne Mullin sent letters to four states alleging that a combined 250,000 non-citizens were registered to vote. Elections experts caution that could be a significant overcount.
Trump threatens Canada with higher tariffs over wildfire smoke
President Trump threatened more tariffs on Canada for wildfires that have blanketed large parts of the Midwest and East Coast in smoke in recent days.
House panel probing Epstein asked Leon Black about birthday book, their friendship
Billionaire Leon Black, who paid Epstein $158 million for tax advice, was subpoenaed for a second interview with the House Oversight Committee in September.
Voter data Trump claimed China obtained is easy to get in most states
President Trump called China's acquisition of voter information "the largest compromise of election data in history." In 20 states, anyone can get this information with a simple public request.
HealthWatch
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HealthWatch
Mexican lettuce potential source of parasite
Authorities have traced the cyclosporiasis outbreak to Mexican-grown lettuce delivered to Taco Bell by Taylor Farms. Jonathan Vigliotti reports.
Taylor Farms pulls iceberg lettuce linked to cyclosporiasis outbreak
Taylor Farms said none of its branded salads or kits contain the iceberg lettuce associated with the outbreak.
FDA approves new cholesterol pill
The FDA has approved a new daily cholesterol pill that works differently from popular statins and may deliver better results for some people. Dr. Corey Bradley, a cardiologist at Columbia University's Irving Medical Center, joins "CBS Evening News" to discuss.
FDA names likely cyclosporiasis source
The FDA has identified Taylor Farms as the likely source of lettuce contaminated with the parasite behind cyclosporiasis, as the outbreak grows. Mark Strassmann reports.
Cyclosporiasis outbreak traced to lettuce from Mexico used by Taco Bell
A lettuce supplier to fast-food giant Taco Bell has been linked to a nationwide cyclosporiasis outbreak that has sickened thousands of people, the CDC said.
World
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Trump threatens Canada with higher tariffs over wildfire smoke
President Trump threatened more tariffs on Canada for wildfires that have blanketed large parts of the Midwest and East Coast in smoke in recent days.
Journalist targeted by Iran says U.K.'s crackdown on IRGC is "the happiest day"
British Iranian journalist Pouria Zeraati was stabbed in what is believed to have been an Iranian state-sponsored attack in 2024.
Strong earthquake hits Mexico-Guatemala border, tsunami alert lifted
The U.S. Geological Survey reported that the earthquake had a magnitude of 7.3 with the epicenter 30 miles southwest of Aquiles Serdan, Mexico.
Brenda Fricker, Oscar winner who played Pigeon Lady in "Home Alone 2," dies
Brenda Fricker won an Academy Award for 1989's "My Left Foot," played the Pigeon Lady in "Home Alone 2" and appeared in "A Time to Kill" and "So I Married an Axe Murderer."
India activist urged to end hunger strike as he risks organ failure
Well-known activist Sonam Wangchuk hasn't eaten in nearly 3 weeks, endangering his health as he demands changes to India's exam system.
Entertainment
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Entertainment
"The Odyssey" inspires interest in original poem
Before Christopher Nolan's "The Odyssey," there was Homer's original epic poem. Kelly Olson, graduate chair of the Department of Classical Studies at the University of Western Ontario, joins CBS News to unpack the history of the Greek tale.
Brenda Fricker, Oscar winner who played Pigeon Lady in "Home Alone 2," dies
Brenda Fricker won an Academy Award for 1989's "My Left Foot," played the Pigeon Lady in "Home Alone 2" and appeared in "A Time to Kill" and "So I Married an Axe Murderer."
Stars of "The Odyssey" preview film
Anne Hathaway and Matt Damon, who star in "The Odyssey," speak to "CBS Mornings" about the movie, the challenges they faced during filming and working with Oscar-winning director Christopher Nolan.
From the archives: Pat Oliphant and the art of political cartoons
Pulitzer Prize-winning cartoonist Pat Oliphant, whose acidic drawings skewering political figures were syndicated in as many as 500 publications around the world, died on July 13, 2026 at age 90. In this April 16, 2000 "Sunday Morning" story, Oliphant talked with Morley Safer about caricature, censorship, and the influence of the first great political cartoonist, 19th century French master Honoré Daumier, whose grotesque drawings of King Louis Philippe led to a curtailment of press freedom in France in 1835.
George Santos to try hand as contestant in grueling TV reality show
George Santos has worn many hats: swindler, congressman, prison inmate, podcast host. The obvious next gig? Reality TV show contestant.
Technology
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Technology
Erin Brockovich on data center regulation
New York is now the first state to temporarily ban data center construction, paving the way for others to follow suit. Environmental advocate Erin Brockovich joins "The Takeout" to discuss.
Mayor to homeowner losing sleep over data center plant: "Consider selling"
Noise from a Mississippi plant powering Elon Musk's xAI data centers in the area is causing migraines, ringing ears and sleepless nights, residents say.
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.
Mississippi residents decry data center plant
Residents of Southaven, Mississippi, are sounding off about a data center plant powering Elon Musk's xAI data centers in the area, likening the constant noise to being tortured.
Meta announces new safety features
Meta announced it is introducing new features to help protect teens using Instagram, Facebook and WhatsApp, including alerting a parent if their child discusses self-harm with one of its AI chatbots. Kelly O'Grady explains.
Science
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Science
Wildfire smoke continues to shroud U.S.
Millions of people are enduring dangerous air quality as Canadian wildfire smoke shrouds the skies. Jonathan Overpeck, dean of the School for Environment and Sustainability at the University of Michigan, explains how climate change is worsening wildfires.
How AI data centers impact the environment
New York has become the first state to impose a temporary moratorium on data center development while state lawmakers lay the groundwork to assess environmental and social impacts. Dr. Mike Weinstein, the director of sustainability at Southern New Hampshire University, explains what we know about the wider environmental impact data centers.
Russian Soyuz rocket launches fresh crew to space station
The new crew will replace three other Soyuz fliers wrapping up a 240-day stay aboard the International Space Station.
Astronomer's name deciphered from ancient Mayan ruins for first time
The name "White-chested Fox" was found in drawings dating from 400 BC to 900 AD at the San Bartolo-Xultun archaeological site.
Disclosure Foundation head on new UFO files
The Pentagon on Friday released a new batch of UFO files, spanning 19 videos and more. Jordan Flowers, executive director of the Disclosure Foundation, joins CBS News to discuss.
Crime
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Feeding Our Future fraud ring's alleged No. 2 appears in court after Somalia arrest
Forty-two-year-old Abdikerm Eidleh appeared in federal court in St. Paul on Friday, just weeks after he was arrested in Mogadishu.
Agent in ME shooting has violent record: AP
The ICE officer who shot and killed a Maine man has a history of violent behavior, the Associated Press reports, citing interviews with family and court records. CBS News' Camilo Montoya-Galvez has the latest.
"Master yachtsman" fugitive captured on boat after 21 years on the run
Ronald L. Fischer, who was featured on "America's Most Wanted," fled Rhode Island during his criminal trial for first-degree sexual assault in 2005.
Journalist known as "The Jaguar" shot dead in Mexico
The state government condemned the murder of Josue Martinez, and called on prosecutors to launch a probe in order to find those responsible.
U.S. designates cartel on Texas border as foreign terrorist organization
The Juárez Cartel and Los Viagras joined six other Mexican criminal organizations that the U.S. considers terrorist groups.
Space
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Meteorite that hit home contains "alien world chemistry," experts say
When scientists examined the preserved fragments of a meteorite that crashed in 2024, they found brine-like fluids and key molecules.
Russian Soyuz rocket launches fresh crew to space station
The new crew will replace three other Soyuz fliers wrapping up a 240-day stay aboard the International Space Station.
Astronomers discover sugar in space that's also found in raspberries
The sugar, called erythrulose, lurks in what's called the interstellar medium: thin clouds of gas and dust littered between stars.
Telescope spots most distant quasars ever discovered
Quasars — the brightest objects in the universe — are powered by supermassive black holes at the heart of early galaxies.
Mission launched to rescue a falling space telescope
Katalyst Space's LINK spacecraft is designed to capture and boost NASA's Swift observatory back to a safe altitude.
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.
Photos show 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.
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.
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?
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Latest CBS News Videos
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Latest CBS News Videos
"The Odyssey" inspires interest in original poem
Before Christopher Nolan's "The Odyssey," there was Homer's original epic poem. Kelly Olson, graduate chair of the Department of Classical Studies at the University of Western Ontario, joins CBS News to unpack the history of the Greek tale.
Darline Graham considering Senate campaign
President Trump urged late Senator Lindsey Graham's sister, Darline, who is temporarily replacing him in Congress, to run for his seat in South Carolina's upcoming special election. Fin Gómez reports.
Trump makes new election claims
In a primetime address on Thursday evening, President Trump accused China of interfering in U.S. elections as he questioned the integrity of the country's voting system. CBS News' Jake Rosen fact-checks his claims.
Spain, Argentina prepare for World Cup final
Tens of thousands of fans, along with President Trump, are expected to gather in New Jersey on Sunday as Spain and Argentina battle for the World Cup trophy. Nicole Valdes reports.
7-foot-3 man sworn in as Texas police officer
At 7-foot-3, Jordan Wilmore was told his entire life that he was destined for a career in basketball. But that was never his dream. Steve Hartman has the story.