Duplex King

Archives for October 2026

Mortgage Rates Average 7.40%

by

October 8, 2026

As market conditions continue to evolve, borrowers should remember that shopping around for a mortgage rate and getting multiple quotes can potentially save them thousands over the loan’s lifetime.

  • The 30-year fixed-rate mortgage averaged 7.40% as of October 8, 2026, up from last week when it averaged 7.28%. A year ago at this time, the 30-year FRM averaged 6.30%.
  • The 15-year fixed-rate mortgage averaged 6.73%, up from last week when it averaged 6.60%. A year ago at this time, the 15-year FRM averaged 5.53%.

Information provided by Freddie Mac.

Weekly Market Report

by

For Week Ending September 26, 2026

The 30-year fixed-rate mortgage averaged 7.28% as of October 1, up from 7.03% a week earlier and 6.34% a year ago, according to Freddie Mac. The 15-year fixed rate mortgage averaged 6.60%, up from 6.42% the prior week. For active buyers, an updated payment estimate can show how the latest rate change affects their monthly principal-and-interest payment.

In the Twin Cities region, for the week ending September 26:

  • New Listings increased 11.8% to 1,467
  • Pending Sales decreased 14.9% to 748
  • Inventory increased 11.0% to 12,460

For the month of August:

  • Median Sales Price increased 1.0% to $404,000
  • Days on Market increased 7.1% to 45
  • Percent of Original List Price Received decreased 0.6% to 98.2%
  • Months Supply of Homes For Sale increased 10.7% to 3.1

All comparisons are to 2025

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

Mortgage Rates Average 7.28%

by

October 1, 2026

With mortgage rates on their current trajectory, the housing market continues to be supported by favorable economic conditions.

  • The 30-year fixed-rate mortgage averaged 7.28% as of October 1, 2026, up from last week when it averaged 7.03%. A year ago at this time, the 30-year FRM averaged 6.34%.
  • The 15-year fixed-rate mortgage averaged 6.60%, up from last week when it averaged 6.42%. A year ago at this time, the 15-year FRM averaged 5.55%.

Information provided by Freddie Mac.

Main Logo

Greet me and meet me on social media. You can follow my new listings and changes in the marketplace on any of the following.
Follow me.

Let’s stay in touch…