Weekly Market Report

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For Week Ending January 17, 2026

The average 30-year fixed mortgage rate fell to 6.06% the week ending January 15, 2026, the lowest level since September 2022, according to Freddie Mac. The Mortgage Bankers Association noted that lower rates have coincided with a rise in purchase and refinance applications, as borrowers respond to recent improvements in affordability.

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING JANUARY 17:

  • New Listings decreased 3.6% to 914
  • Pending Sales decreased 15.1% to 512
  • Inventory decreased 1.3% to 7,441

FOR THE MONTH OF DECEMBER:

  • Median Sales Price increased 2.7% to $380,000
  • Days on Market increased 3.6% to 58
  • Percent of Original List Price Received decreased 0.2% to 96.8%
  • Months Supply of Homes For Sale decreased 5.0% to 1.9

All comparisons are to 2025

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

Mortgage Rates Remain the Lowest in Three Years

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January 22, 2026
With the economy improving and the average 30-year fixed-rate mortgage nearly a percentage point lower than last year, more homebuyers are entering the market. Buyers always should shop around for the best rate, as multiple quotes can potentially save them thousands.

  • The 30-year fixed-rate mortgage averaged 6.09% as of January 22, 2026, up from last week when it averaged 6.06%. A year ago at this time, the 30-year FRM averaged 6.96%.
  • The 15-year fixed-rate mortgage averaged 5.44%, up from last week when it averaged 5.38%. A year ago at this time, the 15-year FRM averaged 6.16%.

Information provided by Freddie Mac.

The Average 30-Year Fixed-Rate Mortgage Hits Lowest Level in Over Three Years

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January 15, 2026
Late last week, mortgage rates dropped, driving the weekly average down to its lowest level in more than three years. The impacts are noticeable, as weekly purchase applications and refinance activity have jumped, underscoring the benefits for both buyers and current owners. It appears that housing activity is improving and poised for a solid spring sales season.

  • The 30-year fixed-rate mortgage averaged 6.06% as of January 15, 2026, down from last week when it averaged 6.16%. A year ago at this time, the 30-year FRM averaged 7.04%.
  • The 15-year fixed-rate mortgage averaged 5.38%, down from last week when it averaged 5.46%. A year ago at this time, the 15-year FRM averaged 6.27%.

Information provided by Freddie Mac.

Weekly Market Report

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For Week Ending January 3, 2026

The National Association of REALTORS® (NAR) forecasts a 14% increase in existing-home sales in 2026, alongside a 5% rise in new-home sales. These gains are being fueled by steady job growth, softening mortgage rates, and improving overall market conditions. Home prices are projected to grow 4% this year, reflecting sustained demand and ongoing inventory constraints.

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING JANUARY 3:

  • New Listings decreased 18.9% to 586
  • Pending Sales decreased 11.8% to 387
  • Inventory decreased 2.6% to 7,683

FOR THE MONTH OF NOVEMBER:

  • Median Sales Price increased 2.9% to $387,000
  • Days on Market remained flat at 50
  • Percent of Original List Price Received decreased 0.2% to 97.4%
  • Months Supply of Homes For Sale remained flat at 2.5

All comparisons are to 2025

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

Mortgage Rates Stable, Purchase Demand Rising

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January 8, 2026
In the first full week of the new year, mortgage rates remained within a narrow range, hovering close to the 6% mark. The combination of solid economic growth and lower rates has led to improving momentum in for-sale residential demand, with purchase applications up over 20% from a year ago.

  • The 30-year fixed-rate mortgage averaged 6.16% as of January 8, 2026, up slightly from last week when it averaged 6.15%. A year ago at this time, the 30-year FRM averaged 6.93%.
  • The 15-year fixed-rate mortgage averaged 5.46%, up from last week when it averaged 5.44%. A year ago at this time, the 15-year FRM averaged 6.14%.

Information provided by Freddie Mac.