- Tom Torkelson

For Week Ending April 25, 2026

The 30-year fixed-rate mortgage continued its downward trend, with the average rate falling to 6.23% for the week ending April 23, 2026–the lowest level in the past three spring homebuying seasons, according to Freddie Mac. That’s down significantly from the same period one year earlier, when the 30-year FRM averaged 6.81%, easing borrowing costs for prospective homebuyers.

In the Twin Cities region, for the week ending April 25:

New Listings increased 3.6% to 1,689
Pending Sales increased 20.4% to 1,190
Inventory increased 8.5% to 9,493

For the month of March:

Median Sales Price remained flat at $380,000
Days on Market increased 6.8% to 63
Percent of Original List Price Received decreased 0.5% to 98.5%
Months Supply of Homes For Sale increased 9.1% to 2.4

All comparisons are to 2025

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

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.

New Listings and Pending Sales

Inventory

Weekly Market Report

Mortgage Rates Average 6.30%

New Listings and Pending Sales