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The era of ultralow mortgage rates is over.

The average rate for a 30-year fixed mortgage topped 4% for the first time since May 2019, Freddie Mac said Thursday.

Interest rates on mortgages are expected to rise as the Federal Reserve is on track to tighten monetary policy this year. Yet for now, rates are staying low. The average rate for a 30-year fixed-rate loan is 3.76%, mortgage-finance giant Freddie Mac said Thursday, down from 3.89% the prior week, with the figures staying near

Home-price growth surged to a record in 2021, as low mortgage-interest rates prompted buyers to compete fiercely for a limited number of homes for sale. The S&P CoreLogic Case-Shiller National Home Price Index, which measures average home prices in major metropolitan areas across the nation, rose 18.8% in the 12 months that ended in December,

Federal Reserve officials pushed back Friday against the prospect that they would begin raising interest rates next month with a larger half-percentage-point increase in their benchmark rate. Recent data pointing to stronger hiring, consumer spending and inflationary pressures had prompted investors in bond and interest-rate futures markets to place growing probabilities on a larger rate

Investment firms are buying up more vacation homes, aiming to cash in on growing demand from tourists and remote workers. Most vacation-rental homes are owned by small-time owners who list their properties on websites such as Airbnb Inc., but the number of financial firms investing in the sector is growing. New York-based investment firm Saluda

Dallas real-estate agent Richard Soto released a video on YouTube last year touting his state’s many benefits, including a growing economy, low cost of living and friendly neighbors. He also included warnings for why people might not want to move to Texas. “The landscape is kind of boring; there’s not much to look at,” he

The dream of homeownership has grown more out of reach for middle-class Americans during the pandemic. The surge in home prices and sharp decline in the number of homes for sale have made home buying more difficult for many Americans compared with two years ago, according to a study from the National Association of Realtors

Brian Sanders, 47, co-owner of a McMinnville, Ore., car dealership, and his wife, Heather, 29, didn’t set out to purchase a 90-year-old home, but when they began their search last year, the options were limited. They wanted to be close to their children’s schools and few homes were on the market. So the couple purchased

Buying a first home is always stressful. Buying now, with property price increases eating into savings and inflation driving up the cost of home repairs, is proving to be particularly costly for some first-time buyers. New buyers are putting more money into down payments and increased closing costs as prices go up. To compete in