The 30-year fixed-rate mortgage averaged 7.40% as of October 8, up from 7.28% a week earlier and 6.30% a year ago, according to Freddie Mac. The 15-year fixed rate mortgage averaged 6.73%, up from 6.60% the prior week. The 30-year average has now risen for seven straight weeks.

In the Twin Cities region, for the week ending October 10:

• New Listings decreased 1.5% to 1,353
• Pending Sales decreased 12.8% to 735
• Inventory increased 12.2% to 12,512

For the month of September:

• Median Sales Price increased 1.3% to $395,000
• Days on Market increased 11.4% to 49
• Percent of Original List Price Received decreased 0.7% to 97.7%
• Months Supply of Homes For Sale increased 13.8% to 3.3

All comparisons are to 2025

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