Here's what the Fed's interest rate pause means for your money
After 10 straight interest-rate hikes, borrowers face sharply higher costs for credit cards, mortgages and other loans.
Mortgage Rates
Coastal home buyers face low inventory
Home buyers in many U.S. coastal areas are facing a competitive real estate market, in part thanks to a spiking interest rate. Buyers are being advised to prepare to settle, bring cash offers and close quickly. Carter Evans and Mark Strassman report.
Mortgage rates are shooting up again, raising homeownership costs
Average interest rate on a typical home loan is edging toward 7%, the highest level in seven months.
Home prices fall across U.S.
According to Redfin, the median home sale price in April was down roughly 4% from last year. That's a decline of nearly $18,000. This follows record-high prices during the pandemic. James Rodriguez, a senior real estate reporter at Insider, joins CBS News to discuss.
Mortgage rates driving lower housing supply
Rising mortgage rates are leading to a reduction in homes on the market. Rachel Siegel, an economic policy reporter for The Washington Post, joins CBS News to discuss how this affects the economy.
Home sale prices decline in parts of U.S.
Nearly one-third of the U.S. has seen a drop in the price of homes for sale since the start of 2023. CBS News' Errol Barnett and Lana Zak are joined by Alcynna Lloyd, economy reporter for Insider, to discuss the trend.
How interest rate hikes affect debt, loans
The Federal Reserve increased its key interest rate by a quarter of a point Wednesday, the 10th straight hike since last March. Anita Hamilton, assistant managing editor at Barron's, joined CBS News' Vladimir Duthiers and Anne-Marie Green to discuss the effects of the hikes.
Mortgage fee structure 2023: Here's how it's changing
A little-known surcharge set to change on May 1 could impact consumers in different ways.
Rent vs. buy: Which makes more sense in this housing market?
Buying a home has traditionally been seen as the smarter financial move. But is that still the case?
U.S. house prices up in February
New data released by the Federal Housing Finance Agency shows U.S. home prices spiked by half a percent in the month of February. Optimal Capital director of portfolio strategy, Frances Stacy, joined CBS News' Vladimir Duthiers and Anne-Marie Green to discuss the reasons behind the surge.
Mortgage rates rise. housing market tight
Mortgage rates continue to rise as housing inventory remains scarce. CBS News' Elaine Quijano and Meg Oliver are joined by Akin Oyedele, the deputy editor for investing at Insider.
Vast majority of U.S. homes are unaffordable to the average buyer
As the spring homebuying season approaches, affordability is at its lowest point in history, one economist said.
Americans in their 30s struggle with debt
Americans in their 30s are struggling with mounting debt, surpassing other age groups, and rising interest rates are making it harder to pay the bills. CBS News' Tony Dokoupil and Lilia Luciano are joined by Yahoo Finance reporter Akiko Fujita.
Fed hikes interest rates by a quarter-point
As it continues efforts to combat inflation, the Federal Reserve on Wednesday increased interest rates by a quarter-point. In a statement, the Fed said that further hikes are likely.
Home sellers turn to "mortgage buydowns" as housing cools
Once-hot housing markets are cooling, requiring people to get creative to sell their homes.
Experts predict lower housing prices
Many real estate experts say they expect to see lower housing prices in 2023. CBS News' Tony Dokoupil and Lilia Luciano are joined by Kenny Simpson, mortgage adviser for The Simpson Team, to discuss the market trends.
Housing market forecast for 2023
Jason Lewris, the co-founder and head of Parcl Labs, joins CBS News to share his forecast for the 2023 housing market at the start of the new year.
Is it a good time to refinance your mortgage?
A growing number of homeowners are considering refinancing as mortgage rates begin to decline. Mike Fratantoni, chief economist at the Mortgage Bankers Association, joins CBS News' Lana Zak and Jim Axelrod to discuss the state of the housing market.
Mortgage rates take another dip
Mortgage rates drop for the fifth week in a row despite the Federal Reserve's recent interest rate hike. BancAlliance President Lori Bettinger joins CBS News Mornings to explain what's spurring the dip.
Jamie Dimon on Ukraine, China, homeownership and more
Jamie Dimon, the CEO of JPMorgan Chase, discusses the economic impact of Russia's war in Ukraine, China loosening its "zero COVID" policy, mortgage rates and more.
An alarming number of 2022 homebuyers are already underwater
Hundreds of thousands of homeowners who bought properties this year owe more than their homes are worth.
Home sales could plunge in 2023. These cities may see the worst.
Buyers are getting squeezed by higher real estate prices and soaring mortgage rates, which could force more out of the market.
Home sales decline for ninth straight month
U.S. home sales fell 5.9% in October, and have fallen 28.4% since last year, according to new numbers from the National Association of Realtors. Mark Lehmann, chief executive officer for JMP Securities joined CBS News to discuss the volatile state of the housing market and what potential homebuyers should expect for the near future.
Home sales are slumping badly as affordability remains a hurdle
Housing prices have fallen 32% this year, although they remain higher than before the pandemic.
Mortgage rate soars to 6.7%, highest since 2007
According to Freddie Mac, the average 30-year mortgage rate in the U.S. has risen to 6.7%, the highest since 2007. Jessica Lautz, vice president of demographics and behavioral insights at the National Association of Realtors, joined CBS News to provide some advice for new homebuyers.
Survivors of Sept. 2 boat strike were waving before second attack, sources say
Two people who survived a U.S. attack on an alleged drug boat were waving overhead before they were killed in a now-controversial second strike, according to two sources.
Russia targets Ukraine with massive drone attack amid diplomatic talks
Russia launched a huge attack on Ukraine overnight as the country marked Armed Forces Day on Saturday, Ukraine's air force said.
CDC panel votes to stop recommending birth dose of hepatitis B vaccine
The CDC's Advisory Committee on Immunization Practices, with members appointed by RFK Jr., voted to change longstanding recommendations on the hepatitis B vaccine.
Supreme Court to decide constitutionality of Trump's birthright citizenship order
The Supreme Court said Friday it will decide the legality of President Trump's executive order that seeks to end birthright citizenship.
National Guard member is "slowly healing" after D.C. shooting, governor says
West Virginia Gov. Patrick Morrisey said the family expects Andrew Wolfe to be in acute care for another two to three weeks.
Protesters arrested after smearing food on case holding England's Crown Jewels
Four protesters have been arrested after splattering food on the case of a diamond-encrusted crown at the Tower of London.
20,000-pound cocaine seizure by Coast Guard breaks 18-year-old record
Video shows Coast Guard vehicles pursuing a go-fast vessel that appeared to have multiple people aboard.
Minnesota officials saw signs of massive fraud even before COVID hit
In July 2019, Minnesota state officials spotted early signs of fraud that would eventually siphon away more than $1 billion in taxpayer money, sources told CBS News.
Here's where minimum wage increases are set to kick in next year
Minimum wages are set to rise in 22 U.S. states and 66 cities and counties next year, even as the federal baseline wage remains at $7.25.
U.S.
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20,000-pound cocaine seizure by Coast Guard breaks 18-year-old record
Video shows Coast Guard vehicles pursuing a go-fast vessel that appeared to have multiple people aboard.
Trump's birthday added to list of free days at national parks; MLK Day, Juneteenth removed
The change to the schedule comes shortly after the Trump administration announced new fees for non-resident visitors.
Prominent U.S. playwright arrested in Japan for alleged ecstasy smuggling
Japanese officials said Jeremy O Harris, known for his Tony-nominated "Slave Play," was arrested on the island of Okinawa on Nov. 16.
National Guard member is "slowly healing" after D.C. shooting, governor says
West Virginia Gov. Patrick Morrisey said the family expects Andrew Wolfe to be in acute care for another two to three weeks.
When a Lowe's store cat disappeared, staff pulled out all the stops to find her
When Francine the cat went missing from her Richmond, Virginia, store, employees determined she must have wandered onto a freight truck bound for a distribution center 85 miles away in North Carolina.
MoneyWatch
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For Gen Zers, finding work after college is often a painful slog
"It's very discouraging," said one young job-seeker as employers pull back on hiring entry-level workers.
Here's where minimum wage increases are set to kick in next year
Minimum wages are set to rise in 22 U.S. states and 66 cities and counties next year, even as the federal baseline wage remains at $7.25.
Officials expand probe into Waymo over robotaxis driving around buses
Federal regulators are investigating multiple Texas incidents in which the robotaxis drove around stopped school buses.
Trump touts $20 trillion in new U.S. investments, but numbers don't add up
President Trump's claims of a historic multitrillion-dollar investment surge don't match federal data or the administration's own numbers.
Elon Musk's X fined $140 million for violating EU transparency rules
European regulators said X breached transparency rules under the Digital Services Act, a sweeping EU law intended to protect internet users.
Politics
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U.S., Ukrainian officials will meet again Saturday on peace plan
The officials in a joint statement said they made progress on creating a security framework for postwar Ukraine and are urging Russia to commit to peace.
Survivors of Sept. 2 boat strike were waving before second attack, sources say
Two people who survived an early September U.S. attack on an alleged drug boat were waving overhead before they were killed in a now-controversial second strike, according to two sources.
Report finds Afghanistan mission was "two-decade long effort fraught with waste"
The final report this week from the special inspector general for Afghanistan identified $26 billion in waste, fraud, and abuse in U.S. reconstruction spending in Afghanistan since 2009.
Supreme Court to decide constitutionality of Trump's birthright citizenship order
The Supreme Court said Friday it will decide the legality of President Trump's executive order that seeks to end birthright citizenship.
Indiana House GOP advances 9-0 congressional map, sending plan to state Senate
President Trump has led the charge to create more GOP-friendly congressional districts in the 2026 midterm elections.
HealthWatch
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Artist who fought for diagnosis turns incurable cancer journey into art
Nardiz Cooke was immediately transfixed by the mask she wore while receiving treatment for late-stage cancer.
CDC panel votes to stop recommending birth dose of hepatitis B vaccine
The CDC's Advisory Committee on Immunization Practices, with members appointed by RFK Jr., voted to change longstanding recommendations on the hepatitis B vaccine.
Could pets be next for weight loss drugs? Here's what to know about a study.
A clinical study into weight loss drugs for pets just launched, with results from the trial expected by next summer.
CDC panel to vote Friday on hepatitis B vaccine for newborns
The CDC's vaccine advisory panel meets Thursday and Friday to discuss recommendations for the hepatitis B vaccine and the schedule of childhood shots.
12 ex-FDA leaders criticize claims made by agency's current vaccine chief
The former officials said the FDA's plans to revamp how certain life-saving vaccines are handled would "disadvantage the people the FDA exists to protect, including millions of Americans at high risk from serious infections."
World
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Nobel laureate Maria Corina Machado to travel to Oslo for peace prize
Maria Corina Machado has been living in hiding in Venezuela since the 2024 presidential election.
11 killed, including 3 children, in shooting at a South African bar
Over a dozen people were wounded and taken to the hospital, the South African Police Services said in a statement.
Protesters arrested after smearing food on case holding England's Crown Jewels
Four protesters have been arrested after splattering food on the case of a diamond-encrusted crown at the Tower of London.
Prominent U.S. playwright arrested in Japan for alleged ecstasy smuggling
Japanese officials said Jeremy O Harris, known for his Tony-nominated "Slave Play," was arrested on the island of Okinawa on Nov. 16.
Russia targets Ukraine with massive drone attack amid diplomatic talks
Russia launched a huge attack on Ukraine overnight as the country marked Armed Forces Day on Saturday, Ukraine's air force said.
Entertainment
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Entertainment
Tim Blake Nelson on his new book "Superhero"
You may recognize Tim Blake Nelson from "O Brother, Where Art Thou?" and "The Ballad of Buster Scruggs," but his latest book "Superhero" explores what he considers Hollywood's favorite genre.
Netlix and Warner Bros. deal sparks concern
Netflix is set to buy Warner Bros. in a deal valued at $72 billion, but the announcement has sparked concern among industry workers.
AVTT/PTTN perform "Dark Night of My Soul"
AVTT/PTTN is a collaboration between The Avett Brothers and former "Faith No More" frontman Mike Patton. Their self-titled album AVTT/PTTN is a collection of nine songs that came out in November, and here they are performing "Dark Night of My Soul."
AVTT/PTTN perform "Eternal Love"
AVTT/PTTN is a collaboration between The Avett Brothers and former "Faith No More" frontman Mike Patton. Their self-titled album AVTT/PTTN is a collection of nine songs that came out in November, and here they are performing "Eternal Love."
AVTT/PTTN perform "Received"
AVTT/PTTN is a collaboration between The Avett Brothers and former "Faith No More" frontman Mike Patton. Their self-titled album AVTT/PTTN is a collection of nine songs that came out in November, and here they are performing "Received."
Technology
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Technology
Waymo says its cars are better at avoiding crashes
Waymo has released new data showing its robotaxis were involved in 91% fewer serious crashes when compared to human drivers. CBS News' Elizabeth Cook rode along in a Waymo with Politico economic policy reporter Yasmin Khorram to unpack the report.
Elon Musk's X fined $140 million for violating EU transparency rules
European regulators said X breached transparency rules under the Digital Services Act, a sweeping EU law intended to protect internet users.
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.
Google reveals top search trends of 2025
The assassination of conservative activist Charlie Kirk, President Trump's "big, beautiful bill," and the longest government shutdown in U.S. history ranked among Google's top search trends this year.
Politico: Trump admin. looks to robotics
Leaders in the robotics industry say that to strengthen AI, companies also need a plan for robots. The White House appears to be listening. Yasmin Khorram, economic policy reporter for Politico, joins CBS News to discuss her article on the topic.
Science
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"Space gum" discovered in asteroid Bennu samples, NASA reveals
Samples collected from the asteroid Bennu are continuing the shed light on the origins of the solar system and how life developed on Earth, scientists say.
CEO of genetics firm says parents have a right to choose unborn child's traits
Kian Sadeghi, the 25-year-old founder and CEO at Nucleus Genomics, tells "CBS Mornings" that parents have every right to select the qualities and traits they desire in their child.
Sick ants invite self-sacrifice to save colony: "Come and kill me"
Ant colonies act as one "super-organism" which works to ensure the survival of all, according to a team of scientists.
Mystery owner of ancient foot found in Africa identified, scientists say
The discovery could cast some doubt on the status of Lucy's species as the direct ancestor of Homo sapiens.
Most dogs have wolf DNA. These breeds have more than others.
Wolf DNA seems to have influenced the size, smelling power and even personality of modern dog breeds, scientists said.
Crime
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20,000-pound cocaine seizure by Coast Guard breaks 18-year-old record
Video shows Coast Guard vehicles pursuing a go-fast vessel that appeared to have multiple people aboard.
Latest details on 2021 pipe bomb suspect
The man suspected of placing pipe bombs around Washington, D.C., on Jan. 5, 2021, had his first court appearance on Friday after he was arrested Thursday following a five-year manhunt. A judge ordered the suspect to remain in jail pending future hearings.
11 killed, including 3 children, in shooting at a South African bar
Over a dozen people were wounded and taken to the hospital, the South African Police Services said in a statement.
Questions remain after D.C. pipe bomb arrest
The man accused of planting two pipe bombs in Washington, D.C., on the eve of the Jan. 6, 2021, U.S. Capitol riot is facing two federal charges. CBS News' Anna Schecter has more.
Louisiana inmate who escaped through damaged wall recaptured; 1 still on the run
Officials in Louisiana say one of two inmates accused of violent crimes was recaptured after an audacious escape.
Space
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"Space gum" discovered in asteroid Bennu samples, NASA reveals
Samples collected from the asteroid Bennu are continuing the shed light on the origins of the solar system and how life developed on Earth, scientists say.
Air Force approves SpaceX launch pad expansion
The U.S. Air Force has approved SpaceX's plan to redevelop a historic launch pad at Cape Canaveral. CBS News correspondent Mark Strassmann reports.
Geomagnetic storm watch issued after powerful solar flare
Solar flares and other activity can disrupt radio communications, power grids and navigation signals, according to NASA.
Scientists think they've detected lightning on Mars: "Missing piece of the puzzle"
Researchers have documented 55 instances of "mini lightning" over two Martian years by eavesdropping on the whirling wind recorded by NASA's Perseverance rover.
Russia sends a NASA astronaut, 2 cosmonauts, up to the space station
The new space station crew includes American Chris Williams, who holds a Ph.D. in astronomy and is a board-certified medical physicist at Harvard Medical School.
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Notable Deaths in 2025
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
The life & near death of prizefighter Christy Salters-Martin
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Robert Redford 1936-2025
A retrospective look at the actor, director, producer, and founder of the Sundance Institute.
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
NFL owner helps North Carolina bee farm
When a North Carolina bee farm was heavily damaged from Hurricane Helene, the Tepper family — who own the Carolina Panthers — stepped in to help them recover.
Where to get the latest CBS Mornings Deals
On this edition of CBS Mornings Deals, we feature some gift ideas you'll save money on. Visit cbsdeals.com to take advantage of these exclusive deals today. CBS earns commissions on purchases made through cbsdeals.com.
Tim Blake Nelson on his new book "Superhero"
You may recognize Tim Blake Nelson from "O Brother, Where Art Thou?" and "The Ballad of Buster Scruggs," but his latest book "Superhero" explores what he considers Hollywood's favorite genre.
Christmas returns to Bethlehem
The Christmas tree in Bethlehem is set to be lit for the first time since 2022, since celebrations at Jesus' birthplace were paused for the war in Gaza.
The Dish: Chef Ivan Orkin
Ivan Ramen has been a New York City mainstay since 2014. Now, Chef Ivan Orkin is bringing his unconventional, world-renowned ramen recipes to London.