Glenn Solberg

(612) 723-7000

Mortgage Rates Decline Further to 7.24%

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October 29, 2026 The average 30-year fixed-rate mortgage declined again this week, reaching its lowest level this month and modestly boosting purchasing power for prospective buyers. The 30-year fixed-rate mortgage averaged 7.24% as of October 29, 2026, down from last … Continue reading →

Weekly Market Report

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For Week Ending October 17, 2026 Housing inventory reached 1.60 million units in September, up 1.9% from August and 4.6% from a year earlier, a 4.8-month supply at the current sales pace, according to the National Association of Realtors®. The … Continue reading →

Weekly Market Report

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For Week Ending October 10, 2026 The 30-year fixed-rate mortgage averaged 7.40% as of October 8, up from 7.28% a week earlier and 6.30% a year ago, according to Freddie Mac. The 15-year fixed rate mortgage averaged 6.73%, up from … Continue reading →

Mortgage Rates Decrease to 7.32%

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October 22, 2026 The average 30-year fixed-rate mortgage declined this week, offering some relief to prospective homebuyers. The 30-year fixed-rate mortgage averaged 7.32% as of October 22, 2026, down from last week when it averaged 7.40%. A year ago at … Continue reading →

Mortgage Rates Average 7.40%

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October 15, 2026 The average 30-year fixed-rate mortgage remained unchanged this week. The 30-year fixed-rate mortgage averaged 7.40% as of October 15, 2026, unchanged from last week. A year ago at this time, the 30-year FRM averaged 6.27%. The 15-year … Continue reading →

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