News

Mortgage Rates Average 6.55%

July 16, 2026

The 30-year fixed-rate mortgage averaged 6.55% this week. Purchase application demand has weakened recently, but housing affordability is more favorable and housing inventory continues to rise, thus the backdrop for prospective homebuyers is modestly improving.

The 30-year fixed-rate mortgage averaged 6.55% as of July 16, 2026, up from last week when it averaged 6.49%. A year ago at this time, the 30-year FRM averaged 6.75%.
The 15-year fixed-rate mortgage averaged 5.93%, up from last week when it averaged 5.82%. A year ago at this time, the 15-year FRM averaged 5.92%.

Information provided by Freddie Mac.

Existing Home Sales

New Listings and Pending Sales

Inventory

Weekly Market Report

For Week Ending July 4, 2026

A new report from Realtor®.com found that new construction homes are more likely to sell below list price than existing homes. Condos and townhomes are also more likely to sell below list price than single-family homes. As of March 2026, the average single-family home sold for 99.2% of its final list price, while the average condo sold for 97.9% of its final list price.

In the Twin Cities region, for the week ending July 4:

New Listings increased 5.3% to 1,134
Pending Sales increased 1.9% to 952
Inventory increased 8.1% to 11,203

For the month of May:

Median Sales Price increased 1.1% to $399,450
Days on Market increased 2.3% to 45
Percent of Original List Price Received decreased 0.3% to 99.7%
Months Supply of Homes For Sale increased 3.7% to 2.8

All comparisons are to 2025

Click here for the full Weekly Market Activity Report. From MAAR Market Data News.

Mortgage Rates Hover in Mid-Six Percent Range

July 9, 2026

The 30-year fixed-rate mortgage averaged 6.49% this week. Mortgage rates have not changed much recently, but economic growth and housing affordability continue to improve for homebuyers as they shop for homes in today’s market.

The 30-year fixed-rate mortgage averaged 6.49% as of July 9, 2026, up from last week when it averaged 6.43%. A year ago at this time, the 30-year FRM averaged 6.72%.
The 15-year fixed-rate mortgage averaged 5.82%, up from last week when it averaged 5.79%. A year ago at this time, the 15-year FRM averaged 5.86%.

Information provided by Freddie Mac.

New Listings and Pending Sales

Inventory

Weekly Market Report

For Week Ending June 27, 2026

Realtor®.com found that buying a home by age 30 is associated with a 22.5% higher net worth at age 50 compared with purchasing a first home in one’s 40s. Moreover, children raised in homeowner households are 18.4% more likely to become homeowners by age 35. The U.S. homeownership rate stood at 65.7% in the fourth quarter of 2025, the highest level of the year, though still below the pandemic-era high of 67.9% in the second quarter of 2020.

In the Twin Cities region, for the week ending June 27:

New Listings increased 5.5% to 1,526
Pending Sales increased 9.7% to 1,167
Inventory increased 6.9% to 11,284

For the month of May:

Median Sales Price increased 1.2% to $399,900
Days on Market increased 2.3% to 45
Percent of Original List Price Received decreased 0.3% to 99.7%
Months Supply of Homes For Sale increased 3.7% to 2.8

All comparisons are to 2025

Click here for the full Weekly Market Activity Report. From MAAR Market Data News.

Mortgage Rates Decline

July 2, 2026

The 30-year fixed-rate mortgage eased slightly this week averaging 6.43%. With rates at a seven-week low and purchase demand continuing to edge higher, it’s an encouraging sign as prospective homebuyers respond to modest improvements in affordability.

The 30-year fixed-rate mortgage veraged 6.43% as of July 2, 2026, down from last week when it averaged 6.49%. A year ago at this time, the 30-year FRM averaged 6.67%.
The 15-year fixed-rate mortgage averaged 5.79%, down from last week when it averaged 5.84%. A year ago at this time, the 15-year FRM averaged 5.80%.

Information provided by Freddie Mac.