Mortgage rates climb above 7% after Moody's U.S. debt downgrade
Mortgage rates jumped higher on Monday following Moody's downgrade of U.S. debt, adding to the headwinds facing homebuyers.
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Mortgage rates jumped higher on Monday following Moody's downgrade of U.S. debt, adding to the headwinds facing homebuyers.
The City of Miami is offering a first-time homebuyer program, which is a zero-interest loan for those who meet the income requirements.
One day after the Federal Reserve lowered interest rates, CBS News Miami is exploring how the move can help you save money.
The Average rate for 30-year fixed mortgage now stands at 6.44%, the lowest in 16 months, according to the Mortgage Bankers Association.
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.
Continued demand and lack of inventory are driving up the prices of homes at a time when mortgage rates are also climbing.
The median mortgage payment jumped to a record $2,843 in April, up nearly 13% from a year ago, a new analysis finds.
Inflation is moving sideways, remaining above 3% for the first three months of 2024. Here's how that could impact your finances.
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.
"Even places that historically have been affordable now need six figures," according to Redfin's chief economist.
The average interest rate on a typical mortgage is now 7.49%, worsening the nation's housing affordability crunch.
Mortgage rates have spiked during the Federal Reserve's historic rate-hiking campaign
After 10 straight interest-rate hikes, borrowers face sharply higher costs for credit cards, mortgages and other loans.
A little-known surcharge set to change on May 1 could impact consumers in different ways.
Buying a home has traditionally been seen as the smarter financial move. But is that still the case?
Beginning May 1, some people with higher credit scores may actually end up paying a higher fee.
As the spring homebuying season approaches, affordability is at its lowest point in history, one economist said.
Buyers are getting squeezed by higher real estate prices and soaring mortgage rates, which could force more out of the market.
Rising mortgage rates are shrinking the number of people who can afford to get a home loan.
Mortgage rates rose again this week topping 7% for the first time since 2002.
Surge in borrowing costs is pushing some buyers out of the market, while sellers face a quandary.
Some housing analysts expect interest rates for conventional home loans to hit double digits by early next year.
Interest rate on a typical 30-year mortgage rate has jumped by more than a quarter-point this week to 6.29%.
The gap between what it costs to rent and own has widened this year amid rising mortgage rates.
But sales of previously occupied homes have slowed sharply amid higher mortgage rates and rising prices.
The allowance, proposed by the village manager in January, could cost the village up to $24,000 annually if all council members opt in.
State and federal law enforcement officers handcuffed construction workers and loaded them into vans before taking them away from the site near the university.
Police said it happened at around 7 p.m. in the 700 block of Southwest 14th Terrace.
An Argentine court has declared a mistrial in the case of seven health professionals accused of negligence in the death of soccer legend Diego Maradona.
Outside Jackson Memorial, Sylvia Rivera spoke with CBS News Miami about her 5-year-old and 7-year-old grandsons, who remain in serious condition.
The allowance, proposed by the village manager in January, could cost the village up to $24,000 annually if all council members opt in.
State and federal law enforcement officers handcuffed construction workers and loaded them into vans before taking them away from the site near the university.
Police said it happened at around 7 p.m. in the 700 block of Southwest 14th Terrace.
An Argentine court has declared a mistrial in the case of seven health professionals accused of negligence in the death of soccer legend Diego Maradona.
The weather team shares expert advice on how to prepare for a potential storm.
A former prison guard trainee has been sentenced to death for the 2019 execution-style killings of five women inside a Florida bank.
Florida coach Billy Napier is getting a fourth season to try to get the Gators back to their winning ways.
A Florida man has filed a federal lawsuit against Jacksonville sheriff's officers who severely beat him last year after he ran from a traffic stop.
The Marion County Sheriff's deputy told authorities that he accidentally shot and killed his girlfriend while cleaning his gun.
The American Automobile Association said this is a dangerous time of year for young drivers.
The U.S. Court of International Trade blocked Trump's 10% tariff assessed on nearly every U.S. trading partner and duties on imports from Mexico, Canada and China.
The Trump administration is replacing the head of the ICE branch that carries out arrests and deportations, according to three sources.
A federal judge was considering whether Florida's attorney general disobeyed her temporary order prohibiting the enforcement of a new state law making it a misdemeanor for people in the U.S. illegally to enter Florida.
The Trump administration has canceled $766 million awarded to Moderna to develop a vaccine against potential pandemic influenza viruses, including the H5N1 bird flu.
A senior administration official said Elon Musk "left on good terms and is still friends" with President Trump.
The 60-day legislative session has come and gone, and lawmakers are nowhere close to a budget deal.
There is now a criminal investigation into Gov.Ron DeSantis' decision to divert $10 million from a Medicaid settlement to the Hope Florida Foundation, money that eventually ended up in a political action committee he controlled.
Jim devotes the entire half hour to a sit-down interview with Retired Lt. Col. Alexander Vindman. During the interview, Jim breaks the news that Vindman is considering a run to represent Florida in the U.S. Senate as a Democrat.
CBS News Miami's Jim DeFede talks with State Senator Jennifer Bradley about the condo reform bill, the passage of the Tristin Murphy Act and more.
CBS News Miami's Jim DeFede takes a moment to share his personal and professional connections to the new American Pope Leo XIV and the late Rabbi Sholom Dovber Lipskar.
Hormel Foods Corporation is recalling cans of "Dinty Moore Beef Stew" nationwide due to potential contamination with wood fragments.
Authorities in Hong Kong say COVID-19 levels are the worst in at least a year.
People infected with salmonella can often experience fever, diarrhea, nausea, vomiting and abdominal pain.
Laid-off employees ranged from those working in firefighter health programs, to those approving new respirators.
The SharkNinja pressure cookers, sold at retailers including Walmart and Amazon, have sparked 26 lawsuits after reports of burn injuries.
These gifts from Stanley, Apple, AllTrails and more won't bust your budget.
From top-rated smart mugs to cold brew starter kits, we've rounded up the coffee lover presents to gift this Christmas.
Just in time for the holiday season, Nintendo has released Nintendo Switch bundles and special editions.
For that authentic grilling experience, you can't beat a charcoal grill. We've rounded up the best grill options.
Discover the best tech gifts during the 2024 holiday season that your friends and loved ones will absolutely adore.
Less than two days after Delta Air Lines offered $30,000 to each passenger on board the flight that crashed and flipped in Toronto on Monday afternoon, the company is facing its first two lawsuits in the incident — and they likely won't be the last.
Activists are calling for a nationwide boycott of Target stores following the company's decision to roll back its diversity, equity and inclusion initiatives.
Discount store chain Target says it's joining rival Walmart and a number of other prominent American brands in scaling back corporate diversity, equity and inclusion initiatives.
Miami-Dade is considering four possible sites, including two that are 2 miles or less from the city of Miramar.
A viral TikTok recipe that includes melting Jolly Ranchers landed a 9-year-old in the hospital with severe burns.
"CBS Mornings" exclusively reveals the cast for the 50th season of "Survivor" featuring fan favorites as returning players.
"Your parents are going to be free and clean," President Trump told the couple's children in a phone call.
The 2025 American Music Awards aired on CBS television stations and streamed on Paramount+ Monday night.
Following a two-year hiatus, the 2025 American Music Awards will be broadcast live on CBS and Paramount+ from Las Vegas on Memorial Day.
Phil Robertson, the patriarch of the "Duck Dynasty" family, died at age 79 a few months after his son revealed he has been diagnosed with Alzheimer's.