Mortgage Rates Decline

Posted on by
June 18, 2026

The 30-year fixed-rate mortgage decreased this week averaging 6.47%. Incoming data continues to reflect a resilient consumer, with retail sales improving and pending home sales strengthening, suggesting purchase demand is continuing to modestly improve.

  • The 30-year fixed-rate mortgage averaged 6.47% as of June 18, 2026, down from last week when it averaged 6.52%. A year ago at this time, the 30-year FRM averaged 6.81%.
  • The 15-year fixed-rate mortgage averaged 5.81%, down from last week when it averaged 5.84%. A year ago at this time, the 15-year FRM averaged 5.96%.

Information provided by Freddie Mac.

Weekly Market Report

Posted on by
For Week Ending June 6, 2026

The U.S. median asking rent across the 50 largest metros dropped 1.7% from a year earlier to $1,673 in April, according to Realtor®.com, marking the 33rd consecutive month of year-over-year declines. Since peaking in August 2022, the median asking rent has declined 5.2% ($92), though it remains $254 higher than its pre-pandemic level in April 2019.

In the Twin Cities region, for the week ending June 6:

  • New Listings increased 4.6% to 1,819
  • Pending Sales increased 9.8% to 1,216
  • Inventory increased 5.5% to 10,718

For the month of May:

  • Median Sales Price increased 1.2% to $399,900
  • Days on Market increased 2.3% to 45
  • Percent of Original List Price Received decreased 0.3% to 99.7%
  • Months Supply of Homes For Sale increased 3.7% to 2.8

All comparisons are to 2025

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