Glenn Solberg

(612) 723-7000

Weekly Market Report

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For Week Ending May 30, 2026 U.S. housing starts fell 2.8% from the previous month to a seasonally adjusted annual rate of 1,465,000 units in April, the U.S. Census Bureau reported. Despite the monthly decline, starts were up 4.6% from … Continue reading →

Mortgage Rates Decrease to 6.48%

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June 4, 2026 The 30-year fixed-rate mortgage decreased to 6.48% this week. With mortgage rates in the mid-6% range and income growth outpacing home price growth, housing affordability is marginally improving. The 30-year fixed-rate mortgage averaged 6.48% as of June … Continue reading →

Weekly Market Report

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For Week Ending May 23, 2026 U.S. sales of new residential homes rose 7.4% month-over-month and 3.3% year-over-year to a seasonally adjusted annual rate of 682,000 in March, according to the U.S. Census Bureau. There were approximately 481,000 new homes … Continue reading →

Mortgage Rates Average 6.53%

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May 28, 2026 The 30-year fixed-rate mortgage averaged 6.53% this week. Pending home sales have increased three months in a row, indicating there’s latent demand and homebuyers are ready to jump back into the market if mortgage rates decline. The … Continue reading →

Mortgage Rates Average 6.51%

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May 21, 2026 The 30-year fixed-rate mortgage averaged 6.51% this week. As rates fluctuate, aspiring buyers should remember that by shopping around for the best mortgage rate and getting multiple quotes, they can potentially save thousands. The 30-year fixed-rate mortgage … Continue reading →

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