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Current Mortgage Rates in Minnesota

Time Range: 3m 6m 1y More mortgage rates?

30-Year Fixed
15-Year Fixed
5/1 ARM

Mortgage Rates for Jan. 16 - 23 , 2015*

Product Interest Rate Points National Average
30 Year Fixed Rate Mortgage 3.78% 0.04 3.80%
15 Year Fixed Rate Mortgage 3.02% 0.07 3.18%
30 Year 5/1 ARM 2.80% 0.04 2.96%
*weekly rolling averages

7/14 8/14 9/14 10/14 11/14 12/14 1/15
30-Year Fixed 4.17 4.18 4.20 4.17 4.07 3.94 3.86
15-Year Fixed 3.30 3.29 3.40 3.35 3.22 3.19 3.17
5/1 ARM 2.80 2.95 2.96 2.98 2.94 2.93 2.93

Current Mortgage Rates in Minnesota

 

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Mortgage Trends in Minnesota

Popular Property Types
 

Single-Family Homes

88.5%
*Single-Family Homes make up 88.5% of purchased or refinanced homes
 

Condominiums

6.8%
*Condominiums make up 6.8% of purchased or refinanced homes
 

PUD Homes

1.4%
*PUD or Planned Unit Development homes make up 1.4% of purchased or refinanced homes
 

Townhomes

3.4%
*Townhomes make up 3.4% of purchased or refinanced homes

Average Property Value

Average Annual Property Taxes

Average Mortgage Balance

Data source: CoreLogic

Popular Mortgage and Refinance Types

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Type of Loan
Mortgage Refinance
Home Equity Loan or Line
Debt Consolidation
New Home Loan
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