Monthly Archives: April 2026

Mortgage Rates Continue to Decline

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April 16, 2026

Mortgage rates declined this week to a four-week low of 6.30%. Compared to one year ago when rates were at 6.83%, this is a meaningful improvement for homebuyers during what is typically the busy spring homebuying season.

  • The 30-year fixed-rate mortgage averaged 6.30% as of April 16, 2026, down from last week when it averaged 6.37%. A year ago at this time, the 30-year FRM averaged 6.83%.
  • The 15-year fixed-rate mortgage averaged 5.65%, down from last week when it averaged 5.74%. A year ago at this time, the 15-year FRM averaged 6.03%.

Information provided by Freddie Mac.

Mortgage Rates Inch Down

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April 9, 2026

Mortgage rates ticked down this week, averaging 6.37%. The decrease in rates represents a positive development for prospective homebuyers and could spark a more favorable spring homebuying season than last year.

  • The 30-year fixed-rate mortgage averaged 6.37% as of April 9, 2026, down from last week when it averaged 6.46%. A year ago at this time, the 30-year FRM averaged 6.62%.
  • The 15-year fixed-rate mortgage averaged 5.74%, down from last week when it averaged 5.77%. A year ago at this time, the 15-year FRM averaged 5.82%.

Information provided by Freddie Mac.

Weekly Market Report

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For Week Ending March 28, 2026

Nationally, the best time to sell a home this year is the week of April 12–18, according to recent data from Realtor.com. An analysis of seasonal trends from 2018 to 2025 (excluding 2020) shows that this period offers the most favorable conditions for sellers, including above-average sale prices, heightened buyer demand, a faster market pace, less competition, and fewer price reductions.

In the Twin Cities region, for the week ending March 28:

  • New Listings increased 12.5% to 1,503
  • Pending Sales decreased 12.8% to 913
  • Inventory increased 4.1% to 8,582

For the month of February:

  • Median Sales Price remained flat at $380,000
  • Days on Market remained flat at 69
  • Percent of Original List Price Received decreased 0.3% to 97.4%
  • Months Supply of Homes For Sale increased 4.8% to 2.2

All comparisons are to 2025

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