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 Average 6.30%

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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.

March Monthly Skinny Video

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The 30-Year Fixed-Rate Mortgage Declines Further

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April 23, 2026

The 30-year fixed-rate mortgage declined again this week to 6.23%. Rates currently stand at their lowest level in the last three spring homebuying seasons. This improvement, coupled with a pickup in purchase applications and refinance activity, as well as an increase in monthly pending home sales, underscores signs of improving momentum in the market.

  • The 30-year fixed-rate mortgage averaged 6.23% as of April 23, 2026, down from last week when it averaged 6.30%. A year ago at this time, the 30-year FRM averaged 6.81%.
  • The 15-year fixed-rate mortgage averaged 5.58%, down from last week when it averaged 5.65%. A year ago at this time, the 15-year FRM averaged 5.94%.

Information provided by Freddie Mac.

New Listings and Pending Sales

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Inventory

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Existing Home Sales

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Weekly Market Report

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For Week Ending April 11, 2026

44.6% of mortgaged residential properties in the U.S. were considered equity-rich—defined as having a loan-to-value ratio of 50% or lower—in the fourth quarter of 2025, according to ATTOM’s Q4 2025 U.S. Home Equity and Underwater Report. That represents a slight decline from the third quarter of 2025, when 46.1% of properties met that threshold. Among states, Vermont had the highest share of equity-rich homes at 87%, followed by New Hampshire at 60.2%, and Rhode Island at 59.4%.

In the Twin Cities region, for the week ending April 11:

  • New Listings increased 11.4% to 1,733
  • Pending Sales decreased 7.0% to 989
  • Inventory increased 5.8% to 8,910

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


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