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 averaged 6.51% as of May 21, 2026, up from last week when it averaged 6.36%. A year ago at this time, the 30-year FRM averaged 6.86%.
- The 15-year fixed-rate mortgage averaged 5.85%, up from last week when it averaged 5.71%. A year ago at this time, the 15-year FRM averaged 6.01%.
Information provided by Freddie Mac.
2026 has been the strongest spring for new listings since 2022, with listing activity up 8.7% month-over-month and 1.1% year-over-year in April, according to Realtor®.com. Among major metropolitan areas, Virginia Beach had the strongest new listing growth at 23.8% year-over-year, followed by Indianapolis at 21.1% and Louisville at 19.2%.
In the Twin Cities region, for the week ending May 9:
- New Listings increased 4.5% to 1,751
- Pending Sales increased 14.2% to 1,242
- Inventory increased 8.9% to 9,999
For the month of April:
- Median Sales Price decreased 2.0% to $392,000
- Days on Market increased 14.0% to 57
- Percent of Original List Price Received decreased 0.4% to 99.3%
- Months Supply of Homes For Sale increased 8.3% to 2.6
All comparisons are to 2025
Click here for the full Weekly Market Activity Report. From MAAR Market Data News.