Martineau - Duevel

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Mortgage Rates Stable, Purchase Demand Rising

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.

Weekly Market Report

For Week Ending December 27, 2025

Nationally, 46.1% of mortgaged residential properties were classified as equity-rich in the third quarter of 2025, according to ATTOM’s latest 2025 U.S. Home Equity & Underwater Report. This marks a slight decline from 47.4% the previous quarter and from 48.3% the same time last year. The three states with the highest share of equity-rich properties were Vermont (86.8%), New Hampshire (61.4%), and Rhode Island (59.8%).

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING DECEMBER 27:

  • New Listings decreased 22.4% to 267
  • Pending Sales decreased 11.9% to 376
  • Inventory decreased 2.9% to 7,964

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.

All comparisons are to 2024

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

Mortgage Rates Drop to Lowest Level in 2025

December 31, 2025
After starting the year close to 7%, the average 30-year fixed-rate mortgage moved to its lowest level in 2025 this week, an encouraging sign for potential homebuyers heading into the new year.

  • The 30-year fixed-rate mortgage averaged 6.15% as of December 31, 2025, down from last week when it averaged 6.18%. A year ago at this time, the 30-year FRM averaged 6.91%.
  • The 15-year fixed-rate mortgage averaged 5.44%, down from last week when it averaged 5.50%. A year ago at this time, the 15-year FRM averaged 6.13%.

Information provided by Freddie Mac.

Weekly Market Report

For Week Ending December 20, 2025

Nationally, housing inventory improved for the 25th consecutive month, rising 12.6% year-over-year, according to Realtor®.com’s November 2025 Monthly Housing Market Trends Report. However, the pace of active listings has eased each of the last six months, retreating from a peak of roughly 30% year-over-year growth in May and June. Inventory advanced in all four regions in November, led by the West at 14.3%.

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING DECEMBER 20:

  • New Listings decreased 6.3% to 477
  • Pending Sales decreased 18.9% to 501
  • Inventory decreased 2.9% to 8,359

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 decreased 4.0% to 2.4

All comparisons are to 2024

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

Heading into the Christmas Holiday, Rates Dip Lower

December 24, 2025
The average 30-year fixed-rate mortgage decreased further this week. Declining rates offer a timely and welcome gift for aspiring homebuyers.

  • The 30-year fixed-rate mortgage averaged 6.18% as of December 24, 2025, down from last week when it averaged 6.21%. A year ago at this time, the 30-year FRM averaged 6.85%.
  • The 15-year fixed-rate mortgage averaged 5.50%, up from last week when it averaged 5.47%. A year ago at this time, the 15-year FRM averaged 6.00%.

Information provided by Freddie Mac.

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