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.
Mortgage Rates
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.
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.
Trump issues new executive orders targeting birthright citizenship
His earlier executive order along those lines was struck down by the Supreme Court in June.
Live
Yemen's Houthis escalate deadly attacks on Saudi-backed troops
Yemen's Houthi rebels launch fresh attacks on Saudi-backed government troops, says Yemeni state media, as Cruz says Trump must seek "regime collapse."
Murkowski says she'll vote against Blanche's nomination for attorney general
Republican Sen. Lisa Murkowski said Friday she will oppose Todd Blanche's nomination as attorney general, narrowing the confirmation path for President Trump's pick to lead the Justice Department.
Cruz calls for Trump to arm Iran's protesters: "Our objective should be regime collapse"
GOP Sen. Ted Cruz told Aaron MacLean on the "School of War" podcast that President Trump should heap more pressure on Iran — including by arming Iranians to "let them overthrow their own government."
Trump-endorsed Rep. Andy Ogles projected to lose GOP primary in Tennessee
Two-term Rep. Andy Ogles lost the Republican primary for his Tennessee House seat, the Associated Press projects, despite securing an endorsement from President Trump.
FAA orders inspections of 737 Max jets after cracks found in older planes
The Federal Aviation Administration has ordered inspections of hundreds of Boeing 737 Max jets after cracks were found in parts of some older model Boeing planes.
"Pink flags" of postpartum psychosis — and more takeaways from "Healthful"
Perinatal psychiatrist Dr. Uruj Kamal Haider and Kriti Lodha joined a special edition of "Healthful" to talk more about mental health conditions, including postpartum psychosis.
First on CBS
Trump to announce $180 million to boost mining education
President Trump is planning to announce over $180 million in grants to boost educational programs for the mining industry, CBS News has learned, part of a bid to increase critical mineral production.
Flesh-eating bacteria have killed 5 in Louisiana this year, officials say
A flesh-eating bacterium found in warm coastal waters is responsible for at least five deaths so far this year in Louisiana, state health officials reported Thursday.
U.S.
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Feds could scrap rules requiring airlines to disclose airfares in full
A Transportation Department proposal could obscure the cost of a plane ticket, aviation experts warn. Here's what to know.
"Pink flags" of postpartum psychosis — and more takeaways from "Healthful"
Perinatal psychiatrist Dr. Uruj Kamal Haider and Kriti Lodha joined a special edition of "Healthful" to talk more about mental health conditions, including postpartum psychosis.
These NYC centers allow hard drug use in-house. Nearly 5 years in, is it helping?
An addiction-services nonprofit approved by the city focuses on harm reduction for hard drug users — to the chagrin of some in the neighborhood.
Trump-endorsed Rep. Andy Ogles projected to lose GOP primary in Tennessee
Two-term Rep. Andy Ogles lost the Republican primary for his Tennessee House seat, the Associated Press projects, despite securing an endorsement from President Trump.
Court orders Meta and Instagram to pay $567M to address kids' mental health
A New Mexico court has ordered Instagram and Facebook parent company Meta to pay $567 million to address harms to young people from its platforms.
MoneyWatch
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Feds could scrap rules requiring airlines to disclose airfares in full
A Transportation Department proposal could obscure the cost of a plane ticket, aviation experts warn. Here's what to know.
First on CBS
Trump to announce $180 million to boost mining education
President Trump is planning to announce over $180 million in grants to boost educational programs for the mining industry, CBS News has learned, part of a bid to increase critical mineral production.
Court orders Meta and Instagram to pay $567M to address kids' mental health
A New Mexico court has ordered Instagram and Facebook parent company Meta to pay $567 million to address harms to young people from its platforms.
Bessent announces crackdown on undocumented immigrants' use of U.S. banks
Treasury Secretary Scott Bessent told Arizona bankers the administration won't allow "risks posed by the extension of financial services to illegal aliens."
America's water systems are getting hacked amid security gaps, experts say
The nation's 152,000 public water systems often lack defenses against malicious actors, cybersecurity experts said. Here's what to know.
Politics
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Murkowski says she'll vote against Blanche's nomination for attorney general
Republican Sen. Lisa Murkowski said Friday she will oppose Todd Blanche's nomination as attorney general, narrowing the confirmation path for President Trump's pick to lead the Justice Department.
First on CBS
Trump to announce $180 million to boost mining education
President Trump is planning to announce over $180 million in grants to boost educational programs for the mining industry, CBS News has learned, part of a bid to increase critical mineral production.
Cruz calls for Trump to arm Iran's protesters: "Our objective should be regime collapse"
GOP Sen. Ted Cruz told Aaron MacLean on the "School of War" podcast that President Trump should heap more pressure on Iran — including by arming Iranians to "let them overthrow their own government."
Trump-endorsed Rep. Andy Ogles projected to lose GOP primary in Tennessee
Two-term Rep. Andy Ogles lost the Republican primary for his Tennessee House seat, the Associated Press projects, despite securing an endorsement from President Trump.
Sen. Marsha Blackburn wins Republican primary for Tennessee governor
Sen. Marsha Blackburn had faced two primary challengers, including Rep. John Rose.
HealthWatch
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"Pink flags" of postpartum psychosis — and more takeaways from "Healthful"
Perinatal psychiatrist Dr. Uruj Kamal Haider and Kriti Lodha joined a special edition of "Healthful" to talk more about mental health conditions, including postpartum psychosis.
The Truth About Postpartum Psychosis
The issue of postpartum psychosis has come to the forefront amid the murder trial of Lindsay Clancy, the 35-year-old mother accused of killing her three children. What are the signs of a mental break, and is the healthcare system failing mothers? In this special episode of Healthful, Norah speaks with Dr. Uruj Kamal Haider, a perinatal psychiatrist who has treated patients with the rare and severe mental health emergency. She also speaks with Kriti Lodha, a postpartum psychosis survivor who has made it her mission to help other mothers.
Flesh-eating bacteria have killed 5 in Louisiana this year, officials say
A flesh-eating bacterium found in warm coastal waters is responsible for at least five deaths so far this year in Louisiana, state health officials reported Thursday.
Minnesota Chipotle burrito bowl meal led to sepsis hospitalization, lawsuit says
A Minnesota woman says she fainted, spiked a 102-degree fever, and was hospitalized with sepsis three days after eating a chicken burrito bowl at a Chipotle in Roseville, and genetic testing connected her case to a multistate outbreak, according to a lawsuit filed Tuesday.
What Fauci has said about COVID origins, gain-of-function research
Thursday's vote to hold Dr. Anthony Fauci in contempt of Congress follows years of tension with GOP Sen. Rand Paul, hinging on the origins of the coronavirus and a controversial type of research.
World
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Live
Yemen's Houthis escalate deadly attacks on Saudi-backed troops
Yemen's Houthi rebels launch fresh attacks on Saudi-backed government troops, says Yemeni state media, as Cruz says Trump must seek "regime collapse."
Cruz calls for Trump to arm Iran's protesters: "Our objective should be regime collapse"
GOP Sen. Ted Cruz told Aaron MacLean on the "School of War" podcast that President Trump should heap more pressure on Iran — including by arming Iranians to "let them overthrow their own government."
5 dead in Thailand high school shooting after suspect kills grandparents
A teenager described as "troubled" and "bullied" by a classmate killed his grandparents before gunning down five staff members at a high school in Thailand, police said.
U.S. Marine vet, detained in Russia since 2022, hospitalized in serious condition
Robert Gilman, 32, is being held at a Russian hospital in what his advocate, Eric Lebson of Global Reach, described as a "dissociative stupor."
Star Cambridge professor resigns amid plagiarism allegations
Jason Arday, who joined Cambridge in 2023 at the age of 37, became one of Britain's most high-profile academics after sharing an extraordinary life story.
Entertainment
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Entertainment
Diarra Kilpatrick on her show's new season
Diarra Kilpatrick, who stars in "Diarra from Detroit," joins "CBS Mornings" to discuss the show's new season, which premiered on Paramount+ last week.
Amanda Kloots on her new dating show
Amanda Kloots, a Broadway dancer, podcast host and best friend to reality star Harry Jowsey, joins "CBS Mornings" to discuss their new Netflix series "Let's Marry Harry."
Inside the risky business of Broadway musicals
The costs of a Broadway musical production have skyrocketed in recent years. CBS News contributor Jamie Wax reports.
Aaron Pierre talks new series, "Lanterns"
Actor Aaron Pierre is starring as John Stewart in the new series "Lanterns." He tells "CBS Mornings" why this character is special to him, what it's like to join the DC Universe and how he managed undergoing surgery during the audition process.
Stranger rescues band from car troubles
A kind stranger named Ernie helped rock band The Autumn Kings make it to their tour stop after their car broke down in Wisconsin. Matt Gutman reports.
Technology
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Technology
Kids dropping phones for summer jobs
Meet the children leaving their devices behind this summer to flex their entrepreneurial muscles with summer jobs.
Concerns over misuse of Flock cameras
Joseph Cox, co-founder of 404 Media, joins CBS News to discuss criticisms of Flock cameras and the push by some cities to replace Flock cameras with different surveillance devices like license plate readers.
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.
Cyberattacks target U.S. water systems
U.S. officials suspect Iran-backed hackers may be behind cyberattacks that have been reported in at least 12 states. CBS News homeland security correspondent Nicole Sganga has more details.
Meta says its AI model breached a third-party company during testing
Tech giant Meta revealed Wednesday that one of its artificial intelligence models hacked another organization during testing, the third time in recent weeks that an AI model has improperly accessed a third-party company.
Science
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Science
Genetically altered beagles offer hope for dog lovers with allergies
Matt Walker, a geneticist and the CEO of Kindred Companion Sciences, joins "CBS Mornings" with his gene-altered beagle, Bailey, to discuss creating future options for people with severe pet allergies.
Most detailed images taken of sun's surface revealed
Researchers were able to peek at the sun's scorching surface with the help of the National Science Foundation's Daniel K. Inouye Solar Telescope, located on the island of Maui in Hawaii.
Bezos, DiCaprio set up massive wildlife fund
Hollywood actor Leonardo DiCaprio and Amazon founder Jeff Bezos have announced a $200 million fund set to protect species on the brink of extinction. Carter Evans has the story.
Dramatic photos show lava spewing from Fuego volcano in Guatemala
Guatemalan officials on Monday began evacuating two villages near the Fuego volcano due to the ongoing eruption.
Rare footage of humpback whale birth captured on drone video
The footage is believed to be only the fourth complete humpback whale birth ever recorded on film anywhere in the world and the first-ever captured by drone.
Crime
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5 dead in Thailand high school shooting after suspect kills grandparents
A teenager described as "troubled" and "bullied" by a classmate killed his grandparents before gunning down five staff members at a high school in Thailand, police said.
Cyber scams costing Americans billions
Matt Gutman reports on how he almost fell for a scam involving his bank as more Americans are becoming victims to similar cyber crimes each year.
Concern grows over misuse of Flock cameras
Privacy groups are expressing concerns over Flock cameras, the devices that capture license plates and are often used in criminal investigations. They argue that police may be using them for improper reasons. Mark Strassman reports.
Cambridge professor accused of plagiarism resigns
Jason Arday, who made history as Cambridge's youngest Black professor, has resigned after accusations of plagiarism and fabrications in his biography. Arday has denied any deliberate wrongdoing. Holly Williams has the details.
Young children hit woman with stolen car
Police say two children under the age of 10 stole and crashed their parents' car in Oakland, California, on Thursday, sending a woman and themselves to the hospital. Da Lin reports.
Space
More Space
Most detailed images taken of sun's surface revealed
Researchers were able to peek at the sun's scorching surface with the help of the National Science Foundation's Daniel K. Inouye Solar Telescope, located on the island of Maui in Hawaii.
SpaceX rocket booster slams into moon, creating crater that could be 16 feet deep
The impact wasn't visible to the naked eye, but photos are expected to come from a lunar satellite at a later time.
Russian Soyuz brings three home after 8 months at space station
The Soyuz MS-28 landing in Kazakhstan brought a 241-day stay in space to a successful conclusion.
SpaceX's Super Heavy-Starship blasts off on 13th test flight
An upgraded version of the world's most powerful rocket is key to landing NASA astronauts on the moon in the agency's Artemis program.
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.
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.
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.
Investigating the death of designer Sylvie Cachay
Sylvie Cachay was found dead in an overflowing bathtub at the exclusive Soho House in New York City on Dec. 9, 2010. A water leak at the hotel gave away a timeline that may have revealed her killer.
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.
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 Truth About Postpartum Psychosis
The issue of postpartum psychosis has come to the forefront amid the murder trial of Lindsay Clancy, the 35-year-old mother accused of killing her three children. What are the signs of a mental break, and is the healthcare system failing mothers? In this special episode of Healthful, Norah speaks with Dr. Uruj Kamal Haider, a perinatal psychiatrist who has treated patients with the rare and severe mental health emergency. She also speaks with Kriti Lodha, a postpartum psychosis survivor who has made it her mission to help other mothers.
Cruz calls for Trump to arm Iranian protesters
As the U.S. angles for a deal with Iran, Republican Sen. Ted Cruz told Aaron MacLean on the "School of War" podcast that President Trump should heap more pressure on Iran's regime — including by arming Iranians to "let them overthrow their own government."
61 years since Voting Rights Act was signed
Sixty-one years ago, President Lyndon B. Johnson signed the Voting Rights Act into law, helping advance equal access to the ballot box by banning racial discrimination. Now, court rulings, new election laws and federal policy proposals are renewing questions about voter access. Election law expert and CBS News contributor David Becker has more.
Louisiana officials warn of flesh-eating bacteria
As the summer season continues to bring people to the beach, the Louisiana Health Department warns to take precautions against a potentially fatal flesh-eating bacteria found in warm coastal waters. Officials confirmed nine cases this year and five deaths.
Hall of Fame Game kicks off 2026 NFL preseason
The 2026 NFL preseason kicks off Thursday night as the Carolina Panthers take on the Arizona Cardinals in the annual Hall of Fame Game. Zack Rosenblatt, senior NFL writer for the Athletic, joins CBS News to discuss the game and the upcoming season.