Duplex King

Mortgage Rates Inch Down

by

May 14, 2026

Mortgage rates ticked down this week, averaging 6.36%. While purchase demand is softening, it remains above this time last year. Recent data also shows existing-home sales modestly edging up.

  • The 30-year fixed-rate mortgage averaged 6.36% as of May 14, 2026, slightly down from last week when it averaged 6.37%. A year ago at this time, the 30-year FRM averaged 6.81%.
  • The 15-year fixed-rate mortgage averaged 5.71%, slightly down from last week when it averaged 5.72%. A year ago at this time, the 15-year FRM averaged 5.92%.

Information provided by Freddie Mac.

Mortgage Rates Average 6.37%

by

May 7, 2026

The 30 year fixed rate mortgage averaged 6.37% this week. Recent data points to slightly better conditions for buyers with a boost in new-home sales, median new-home prices being down to their lowest level since July 2021, and higher inventory than in recent years. Together, these trends could modestly ease affordability pressures through the spring homebuying season.

  • The 30-year fixed-rate mortgage averaged 6.37% as of May 7, 2026, up from last week when it averaged 6.30%. A year ago at this time, the 30-year FRM averaged 6.76%.
  • The 15-year fixed-rate mortgage averaged 5.72%, up from last week when it averaged 5.64%. A year ago at this time, the 15-year FRM averaged 5.89%.

Information provided by Freddie Mac.

Weekly Market Report

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For Week Ending April 25, 2026

The 30-year fixed-rate mortgage continued its downward trend, with the average rate falling to 6.23% for the week ending April 23, 2026–the lowest level in the past three spring homebuying seasons, according to Freddie Mac. That’s down significantly from the same period one year earlier, when the 30-year FRM averaged 6.81%, easing borrowing costs for prospective homebuyers.

In the Twin Cities region, for the week ending April 25:

  • New Listings increased 3.6% to 1,689
  • Pending Sales increased 20.4% to 1,190
  • Inventory increased 8.5% to 9,493

For the month of March:

  • Median Sales Price remained flat at $380,000
  • Days on Market increased 6.8% to 63
  • Percent of Original List Price Received decreased 0.5% to 98.5%
  • Months Supply of Homes For Sale increased 9.1% to 2.4

All comparisons are to 2025

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

Mortgage Rates Average 6.30%

by

April 30, 2026

The 30-year fixed-rate mortgage averaged 6.30% this week. As rates had modestly declined the last few weeks, purchase demand has accelerated with purchase applications rising to over 20 percent above a year ago. It is clear that purchase demand continues to hold up as prospective buyers react to both modestly lower rates and more inventory to choose from than the last few years.

  • The 30-year fixed-rate mortgage averaged 6.30% as of April 30, 2026, up from last week when it averaged 6.23%. A year ago at this time, the 30-year FRM averaged 6.76%.
  • The 15-year fixed-rate mortgage averaged 5.64%, up from last week when it averaged 5.58%. A year ago at this time, the 15-year FRM averaged 5.92%.

Information provided by Freddie Mac.

Weekly Market Report

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For Week Ending April 18, 2026

U.S. sales of new residential homes fell 17.6% month-over-month and 11.3% year-over-year to a seasonally adjusted annual rate of 587,000 units in January, according to the most recent data from the U.S. Census Bureau. The median new home sales price declined 4.5% from the previous month to $400,500, a 6.8% decrease from the same time last year.

In the Twin Cities region, for the week ending April 18:

  • New Listings increased 12.9% to 1,655
  • Pending Sales increased 6.8% to 1,120
  • Inventory increased 8.8% to 9,387

For the month of March:

  • Median Sales Price remained flat at $380,000
  • Days on Market increased 5.1% to 62
  • Percent of Original List Price Received decreased 0.5% to 98.5%
  • Months Supply of Homes For Sale increased 4.5% to 2.3

All comparisons are to 2025

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

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