Mortgage Rates Average 6.71%

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September 3, 2026

The 30-year fixed-rate mortgage averaged 6.71% this week. Purchase demand has remained relatively stable indicating steady interest from buyers adapting to evolving market conditions.

  • The 30-year fixed-rate mortgage averaged 6.71% as of September 3, 2026, up from last week when it averaged 6.66%. A year ago at this time, the 30-year FRM averaged 6.50%.
  • The 15-year fixed-rate mortgage averaged 6.04%, up from last week when it averaged 5.98%. A year ago at this time, the 15-year FRM averaged 5.60%.

Information provided by Freddie Mac.

Weekly Market Report

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For Week Ending August 22, 2026

The national median existing-home sales price climbed to $431,400 in July, as inventory held at a 4.6-month supply at the current sales pace, according to the National Association of Realtors®. Homes are sitting on the market longer and fewer buyers are bidding above asking price compared to a year earlier, though conditions vary widely by local market.

In the Twin Cities region, for the week ending August 22:

  • New Listings increased 7.1% to 1,482
  • Pending Sales increased 4.9% to 960
  • Inventory increased 9.0% to 11,904

For the month of July:

  • Median Sales Price increased 3.3% to $408,000
  • Days on Market remained flat at 40
  • Percent of Original List Price Received decreased 0.2% to 99.1%
  • Months Supply of Homes For Sale increased 7.1% to 3.0

All comparisons are to 2025

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