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.
3 killed in shooting at Islamic Center of San Diego, police say; 2 suspects dead
Three people were killed in a shooting at the Islamic Center of San Diego, and two suspected shooters were found dead inside a vehicle nearby, police said.
Live
Trump calls off attack on Iran amid "serious negotiations" toward peace deal
President Trump had warned Sunday that "the Clock is Ticking" for Iran to accept a peace agreement.
The story of Cuba's 1996 shootdown that could lead to Raúl Castro's indictment
Thirty years ago, a Cuban fighter jet shot down two civilian planes operated by Florida-based exile group Brothers to the Rescue, an incident that inflamed U.S.-Cuba relations.
Massie defiant as Trump seeks to oust him in primary: "I'm going to win"
Massie said the president is worried about his preferred candidate Ed Gallrein's chances in the Kentucky race.
Trump settles IRS lawsuit, sets up $1.7B fund for claims of "weaponization"
President Trump had accused the Treasury Department and IRS of unlawfully allowing a government contractor to leak his tax returns and those of his sons and company.
Trump admin. proposes admitting thousands more Afrikaners to U.S. as refugees
The Trump administration is doubling down on efforts to resettle White Afrikaners from South Africa as refugees, proposing to increase the government's refugee cap to welcome thousands more of them, according to a plan obtained by CBS News.
Iran more than doubled executions in 2025, global death penalty hit 44-year high
Iran executed more than twice as many people last year as it did in 2024, according to a new report by Amnesty International.
Supreme Court tells lower courts to take new look at 2 voting rights cases
At issue in the cases was who can bring lawsuits in federal court to address potential violations of Section 2 of the Voting Rights Act.
LIRR strike to end as MTA, unions reach tentative agreement
New York Gov. Kathy Hochul said the MTA and LIRR unions reached "a fair deal" to end the strike after three days.
U.S.
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LIRR strike to end as MTA, unions reach tentative agreement
New York Gov. Kathy Hochul said the MTA and LIRR unions reached "a fair deal" to end the strike after three days.
Florida mother turns to digital couponing as grocery bill soars
With inflation hitting its highest point since 2023, Kiana Powell told CBS News, "I cannot let a deal go to waste if it's something that I am using daily."
New York Times sues Pentagon a second time over press access policy
The New York Times sued the Defense Department Monday for the second time in recent months over media access.
Massie defiant as Trump seeks to oust him in primary: "I'm going to win"
Massie said the president is worried about his preferred candidate Ed Gallrein's chances in the Kentucky race.
Who could benefit from Trump's $1.7+ billion "anti-weaponization" fund?
Acting Attorney General Todd Blanche announced the creation of the fund as part of the settlement of President Trump's lawsuit against the IRS over the leaking of his tax returns.
MoneyWatch
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Florida mother turns to digital couponing as grocery bill soars
With inflation hitting its highest point since 2023, Kiana Powell told CBS News, "I cannot let a deal go to waste if it's something that I am using daily."
Pay for American workers is lagging inflation — again
U.S. wage growth is lagging inflation for the first time since 2023, eroding consumers' purchasing power.
Jury unanimously dismisses Elon Musk's lawsuit against OpenAI
California jury dismissed all charges, finding that Musk missed the three-year statute of limitations to file suit.
NextEra Energy to acquire Dominion in a $67 billion utility deal
The combined company will serve about 10 million utility customers across Florida, Virginia, North Carolina and South Carolina.
Is the answer to the housing crunch right in your own backyard?
Accessory Dwelling Units, or ADUs, are small, fully-functional secondary homes located on the same property as a main home, usually in the backyard, filling a vital need where housing has proved scant or expensive.
Politics
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Trump admin. proposes admitting thousands more Afrikaners to U.S. as refugees
The Trump administration is doubling down on efforts to resettle White Afrikaners from South Africa as refugees, proposing to increase the government's refugee cap to welcome thousands more of them, according to a plan obtained by CBS News.
New York Times sues Pentagon a second time over press access policy
The New York Times sued the Defense Department Monday for the second time in recent months over media access.
Massie defiant as Trump seeks to oust him in primary: "I'm going to win"
Massie said the president is worried about his preferred candidate Ed Gallrein's chances in the Kentucky race.
Who could benefit from Trump's $1.7+ billion "anti-weaponization" fund?
Acting Attorney General Todd Blanche announced the creation of the fund as part of the settlement of President Trump's lawsuit against the IRS over the leaking of his tax returns.
The story of Cuba's 1996 shootdown that could lead to Raúl Castro's indictment
Thirty years ago, a Cuban fighter jet shot down two civilian planes operated by Florida-based exile group Brothers to the Rescue, an incident that inflamed U.S.-Cuba relations.
HealthWatch
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HealthWatch
Latest on American who contracted Ebola
A missionary doctor who was serving in Congo will receive treatment in Germany after testing positive for Ebola. Skyler Henry has the latest.
American doctor working in Congo tests positive for Ebola
An American medical missionary in the Democratic Republic of the Congo has a confirmed case of Ebola, and is being taken to Germany for treatment.
Ebola strain in latest outbreak has no vaccine, no treatment
The virus behind the latest Ebola outbreak is the Bundibugyo virus, which is less common and there is no vaccine or treatment.
U.S. announces Ebola-related travel restrictions amid outbreak in Congo, Uganda
The Trump administration announced it's restricting people who don't have U.S. passports from entering the country if they have been in Congo, South Sudan or Uganda amid the Ebola outbreak.
Inside the "troubled teen" industry, when help sometimes does more harm
A CBS News investigation into youth residential treatment programs finds allegations of abuse, a lack of federal oversight, and families left to navigate a multibillion-dollar industry largely on their own.
World
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Iran more than doubled executions in 2025, global death penalty hit 44-year high
Iran executed more than twice as many people last year as it did in 2024, according to a new report by Amnesty International.
The story of Cuba's 1996 shootdown that could lead to Raúl Castro's indictment
Thirty years ago, a Cuban fighter jet shot down two civilian planes operated by Florida-based exile group Brothers to the Rescue, an incident that inflamed U.S.-Cuba relations.
Trump says he's called off plans for a "scheduled attack of Iran"
President Trump said he received a request from the leaders of Qatar, Saudi Arabia and the United Arab Emirates.
Gunman kills 6, wounds 8 in latest shooting rampage in Turkey
A man armed with a rifle carried out a string of attacks, killing at least six people and wounding eight others, Turkish President Recep Tayyip Erdogan said.
American doctor working in Congo tests positive for Ebola
An American medical missionary in the Democratic Republic of the Congo has a confirmed case of Ebola, and is being taken to Germany for treatment.
Entertainment
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Entertainment
2-time "Survivor" contestant on 50th season
Rob Cesternino, a 2-time "Survivor" castaway, talks about the upcoming "Survivor 50" finale, who he think will make the final three and who is his favorite to win the game.
Hayden Panettiere opens up in new memoir
Golden Globe-nominated actor Hayden Panettiere shares her story and opens up about life in the spotlight as a young actor, postpartum depression and her healing journey.
5/17: Sunday Morning "By Design"
Jane Pauley hosts our annual look at design. Featured: Tiny homes in your backyard; Louis Vuitton; Adobe house construction; Finland's Marimekko; domino art; Philadelphia food favorites; chandeliers; Longwood Gardens; rare maps; and director Jon Favreau of "The Mandalorian and Grogu."
"Call Her Daddy" podcast host Alex Cooper announces pregnancy
"Call Her Daddy" host Alex Cooper said on Instagram that she and husband Matt Kaplan are expecting their first child.
Director Jon Favreau on "The Mandalorian and Grogu"
Jon Favreau, creator of the "Star Wars" series "The Mandalorian," has now brought the father-son relationship of Pedro Pascal's bounty hunter and his charge "Baby Yoda" to the big screen.
Technology
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Technology
Musk loses lawsuit against OpenAI
A California jury on Monday unanimously dismissed Elon Musk's lawsuit against OpenAI and its top executives. CBS News legal contributor Jessica Levinson breaks down the case.
Musk says he'll appeal OpenAI lawsuit dismissal
A California jury on Monday unanimously dismissed Elon Musk's lawsuit against OpenAI and Sam Altman. CBS News senior business and technology correspondent Jo Ling Kent reports.
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.
Jury unanimously dismisses Elon Musk's lawsuit against OpenAI
California jury dismissed all charges, finding that Musk missed the three-year statute of limitations to file suit.
Jury to start deliberations in OpenAI trial
A nine-person jury will begin deliberations Monday in Elon Musk's $150 billion civil lawsuit against OpenAI CEO Sam Altman. Rachel Metz, artificial intelligence reporter for Bloomberg, joins with more.
Science
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El Niño could bring "double whammy" of high tide flooding, NOAA warns
The upcoming El Niño could trigger frequent and widespread flooding in coastal areas around the United States, even when storms aren't actively taking place, scientists warn.
New dinosaur weighing as much as 9 elephants identified by scientists
The long-necked herbivore is the largest ever found in Southeast Asia, researchers said.
How a growing El Niño will affect 2026 hurricane season in Atlantic, Pacific
The last time an El Niño pattern occurred was in 2023, when the Eastern Pacific hurricane season produced 20 tropical systems.
NASA spacecraft to fly past Mars on voyage to rare metal asteroid
NASA's Psyche spacecraft will slingshot past Mars on Friday, on its way toward a rare metal-rich asteroid.
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.
Crime
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Crime
Mom reported son missing before mosque attack
Police held a news conference Monday evening to give an update on the deadly shooting at the Islamic Center of San Diego. Authorities say the two suspects killed three others before being found dead in a nearby vehicle.
Mangione state murder trial: evidence ruling
Luigi Mangione appeared in court on Monday for a pivotal hearing where a judge ruled what items can and cannot be used as evidence in his upcoming state murder trial over the killing of UnitedHealthcare CEO Brian Thompson. CBS News legal reporter Katrina Kaufman was inside the courtroom.
Ruling on evidence in Luigi Mangione case
A judge on Monday ruled a 9 millimeter gun, a silencer and a red notebook allegedly found in the search of Luigi Mangione's possessions can be used as evidence in his state trial for the murder of UnitedHealthcare CEO Brian Thompson in September. Lilia Luciano has more.
Latest on Islamic Center of San Diego shooting
Police say three adults were killed when two shooters opened fire Monday at the Islamic Center of San Diego. Jonathan Vigliotti has more.
Officials: No children hurt in mosque shooting
At least three adults were killed when a pair of gunmen opened fire at the Islamic Center of San Diego on Monday. The two teenage suspects were found dead inside a nearby car, officials say. CBS News' Anna Schecter has the latest.
Space
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SpaceX launches cargo ship to International Space Station
The International Space Station-bound SpaceX Cargo Dragon is loaded with 6,500 pounds of needed equipment, research gear and crew supplies.
NASA maps show Earth's brightest and darkest regions at night
Researchers expected to find "a gradual increase in artificial light at night," but instead saw "much more nuanced patterns," NASA said.
NASA spacecraft to fly past Mars on voyage to rare metal asteroid
NASA's Psyche spacecraft will slingshot past Mars on Friday, on its way toward a rare metal-rich asteroid.
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."
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
From 1996: Cuba shoots down 2 civilian planes
On Feb. 24, 1996, Cuba shot down two civilian aircraft, prompting global outcry. Watch CBS News' coverage of the aftermath.
Full interview: GOP Rep. Thomas Massie
Republican Rep. Thomas Massie is bearing the brunt of the White House in his primary race for Kentucky's 4th Congressional District against Trump-backed Ed Gallrein. Massie spoke with CBS News' Ed O'Keefe a day before the election about the record-breaking spending in his race, his views on Israel, President Trump and more.
Massie facing Trump-backed challenger
Rep. Thomas Massie is facing Trump-backed retired Navy SEAL Ed Gallrein in Tuesday's primary for Kentucky's Fourth Congressional District. CBS News congressional reporter Taurean Small has the latest.
5/18: The Takeout with Major Garrett
Three people were killed in a shooting at the Islamic Center of San Diego; Trump says U.S. won't go forward with scheduled attack on Iran.
Mom reported son missing before mosque attack
Police held a news conference Monday evening to give an update on the deadly shooting at the Islamic Center of San Diego. Authorities say the two suspects killed three others before being found dead in a nearby vehicle.