Posts with tag 'Interest Rate'
Subscribe and receive email notifications of new blog posts.
RSS Feed
- 2026 | 10 Posts
- 2025 | 52 Posts
- 2024 | 47 Posts
- 2023 | 45 Posts
- 2022 | 50 Posts
- 2021 | 54 Posts
- 2020 | 49 Posts
- 2019 | 40 Posts
- 2018 | 30 Posts
2
Twin Cities Market Update
Housing
Cash buyers continue to make up a significant portion of the U.S. housing market, with nearly one-third of home sales this year being all-cash purchases. Although investors make up a considerable number of cash sales transactions, the increasing availability of remote work during the pandemic has allowed some homeowners to sell their homes in pricey markets and relocate to less-expensive locales, where they're able to pay cash for a new home, giving them an edge in a highly competitive market.
Provided by the Minneapolis Area Association of Realtors.
|
||||||||||
Mortgage Rates
Concerns about the Delta variant, and the overall trajectory of the pandemic, are undoubtedly affecting economic growth. While the economy continues to mend, Treasury yields have decreased, and mortgage rates have followed suit...
~Provided by www.freddiemac.com 07-22-21
1
Twin Cities Market Update
Housing
Despite elevated demand for housing, construction of new homes fell in April, with the U.S. Department of Housing and Urban Development and the U.S. Census Bureau reporting a 9.5% decrease in housing starts from the previous month. Rising building costs continue to hinder affordability and inventory for many homebuyers, although shortages in labor, issues with the U.S. supply chain, and lasting impact from late winter storms have also contributed to the decline in new construction activity, putting some projects on pause for the time being.
Provided by the Minneapolis Area Association of Realtors.
|
||||||||||
Mortgage Rates
Mortgage rates are down below three percent, continuing to offer many homeowners the potential to refinance and increase their monthly cash flow. In fact, homeowners who refinanced their 30-year fixed-rate mortgage in 2020 saved more than $2,800 dollars annually. Substantial opportunity continues to exist today, as nearly $2 trillion in conforming mortgages have the ability to refinance and reduce their interest rate by at least half a percentage point.
~Provided by www.freddiemac.com 05-27-21
4
Twin Cities Market Update
Housing Needs
A new analysis by housing giant Freddie Mac suggests that the U.S. housing market needs 3.8 million more single-family homes nationwide to meet demand. Sam Khater, Freddie Mac's chief economist, noted "we should have almost four million more housing units if we had kept up with demand the last few years." While new construction activity has increased in recent years, it has never fully recovered to its previous peak more than fifteen years ago.
Provided by the Minneapolis Area Association of Realtors.
|
||||||||||
Mortgage Rates
In light of the rising COVID caseloads globally, U.S. Treasury yields stopped moving up a month ago and have remained within a narrow range as the market digests incoming economic data. The good news is that with rates under three percent, refinancing continues to be attractive for many borrowers who financed before 2020. But, for eager buyers, especially first-time homebuyers, inventory continues to be extremely tight and competition for available homes to purchase remains high.
~Provided by www.freddiemac.com 04-29-21
By searching Listing Data you agree to this End User License Agreement
Copyright 2026 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.
Terms of Use
Agency License Information: Counselor Realty, Inc. is licensed in Minnesota and Wisconsin; Counselor Realty, Inc. of Alexandria is licensed in Minnesota; Counselor Realty Detroit Lakes, LLC is licensed in Minnesota; Counselor Realty of Rochester is licensed in Minnesota; Counselor Realty of Victoria, LLC is licensed in Minnesota; Counselor Realty of Brainerd is licensed in Minnesota.
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 03/06/2026. The listing information on this page last changed on 03/06/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Fri 03/06/2026 3:09:18 AM EST) or RMLS-MN MLS (last updated Fri 03/06/2026 12:02:34 AM EST). Real estate listings held by brokerage firms other than Counselor Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
STATE OF LICENSURE: MINNESOTA
Privacy Policy / DMCA Notice / ADA Accessibility
