332 2nd Street - Excelsior, MN 55331

Office #: (952) 474-0894

332 2nd Street - Excelsior, MN 55331

Office #: (952) 474-0894

Direct #: (612) 701-7404

Mortgage Rates Inch Down

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April 9, 2026

Mortgage rates ticked down this week, averaging 6.37%. The decrease in rates represents a positive development for prospective homebuyers and could spark a more favorable spring homebuying season than last year.

  • The 30-year fixed-rate mortgage averaged 6.37% as of April 9, 2026, down from last week when it averaged 6.46%. A year ago at this time, the 30-year FRM averaged 6.62%.
  • The 15-year fixed-rate mortgage averaged 5.74%, down from last week when it averaged 5.77%. A year ago at this time, the 15-year FRM averaged 5.82%.

Information provided by Freddie Mac.

Weekly Market Report

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For Week Ending March 28, 2026

Nationally, the best time to sell a home this year is the week of April 12–18, according to recent data from Realtor.com. An analysis of seasonal trends from 2018 to 2025 (excluding 2020) shows that this period offers the most favorable conditions for sellers, including above-average sale prices, heightened buyer demand, a faster market pace, less competition, and fewer price reductions.

In the Twin Cities region, for the week ending March 28:

  • New Listings increased 12.5% to 1,503
  • Pending Sales decreased 12.8% to 913
  • Inventory increased 4.1% to 8,582

For the month of February:

  • Median Sales Price remained flat at $380,000
  • Days on Market remained flat at 69
  • Percent of Original List Price Received decreased 0.3% to 97.4%
  • Months Supply of Homes For Sale increased 4.8% to 2.2

All comparisons are to 2025

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

The 30-Year Fixed-Rate Mortgage Averages 6.46%

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April 2, 2026

The 30-year fixed-rate mortgage edged up, averaging 6.46% this week. With spring homebuying season in full swing, aspiring buyers should remember to shop around for the best mortgage rate, as they can potentially save thousands of dollars by getting multiple quotes.

  • The 30-year fixed-rate mortgage averaged 6.46% as of April 2, 2026, up from last week when it averaged 6.38%. A year ago at this time, the 30-year FRM averaged 6.64%.
  • The 15-year fixed-rate mortgage averaged 5.77%, up from last week when it averaged 5.75%. A year ago at this time, the 15-year FRM averaged 5.82%.

Information provided by Freddie Mac.

New Listings and Pending Sales

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Inventory

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Weekly Market Report

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For Week Ending March 21, 2026

U.S. housing starts rose 7.2% month-over-month to a seasonally adjusted annual rate of 1,487,000 units, up from a revised 1,387,000 in December, according to the U.S. Census Bureau. The latest reading marks the third consecutive monthly gain and the highest level since February 2025. On a year-over-year basis, housing starts grew 9.5%.

In the Twin Cities region, for the week ending March 21:

  • New Listings decreased 7.0% to 1,293
  • Pending Sales decreased 5.5% to 934
  • Inventory increased 3.7% to 8,460

For the month of February:

  • Median Sales Price remained flat at $380,000
  • Days on Market remained flat at 69
  • Percent of Original List Price Received decreased 0.3% to 97.4%
  • Months Supply of Homes For Sale increased 4.8% to 2.2

All comparisons are to 2025

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

Mortgage Rates Average 6.38%

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March 26, 2026

Mortgage rates this week averaged 6.38%. The housing market continues to show gradual improvements compared to a year ago amid recent rate volatility. Purchase and refinance applications are up year-over-year, and rates remain lower than last year when they averaged 6.65%.

  • The 30-year fixed-rate mortgage averaged 6.38% as of March 26, 2026, up from last week when it averaged 6.22%. A year ago at this time, the 30-year FRM averaged 6.65%.
  • The 15-year fixed-rate mortgage averaged 5.75%, up from last week when it averaged 5.54%. A year ago at this time, the 15-year FRM averaged 5.89%.

Information provided by Freddie Mac.

February Monthly Skinny Video

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Realtor & Housing

Licensed In Minnesota

All information deemed reliable but not guaranteed and should be independently verified.


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