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.