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Nearing Seven Percent, Mortgage Rates Continue to Decrease

December 7, 2023 by Martineau Duevel

December 7, 2023 The 30-year fixed-rate mortgage averaged near 7 percent this week, down from nearly 7.80 percent just six weeks ago. When rates began to rapidly drop, purchase applications rebounded initially, but this improvement in demand diminished in the … Continue reading →

Filed Under: Monthly Skinny Video

Mortgage Rates Drop for the Fifth Consecutive Week

November 30, 2023 by Martineau Duevel

November 30, 2023 Market sentiment has significantly shifted over the last month, leading to a continued decline in mortgage rates. The current trajectory of rates is an encouraging development for potential homebuyers, with purchase application activity recently rising to the … Continue reading →

Filed Under: Monthly Skinny Video

October Monthly Skinny Video

November 22, 2023 by Martineau Duevel

Filed Under: Monthly Skinny Video

Mortgage Rates Continue to Slide Down

November 22, 2023 by Martineau Duevel

November 22, 2023 Mortgage rates continued to decrease heading into the Thanksgiving holiday. In recent weeks, rates have dropped by half a percent, but potential homebuyers continue to hold out for lower rates and more inventory. This dynamic is reflected … Continue reading →

Filed Under: Monthly Skinny Video

Mortgage Rates Trend Down

November 16, 2023 by Martineau Duevel

November 16, 2023 For the third straight week, mortgage rates trended down, as new data indicates that inflationary pressures are receding. The combination of continued economic strength, lower inflation and lower mortgage rates should likely bring more potential homebuyers into … Continue reading →

Filed Under: Monthly Skinny Video

As Treasury Yields Decline, Mortgage Rates Move Down

November 9, 2023 by Martineau Duevel

November 9, 2023 As Treasury yields decline, the 30-year fixed-rate mortgage dropped a quarter of a percent, the largest one-week decrease since last November. Incoming data show that household debt continues to rise, primarily due to mortgage, credit card and … Continue reading →

Filed Under: Monthly Skinny Video

After a Multi-week Climb, Mortgage Rates Level Off

November 2, 2023 by Martineau Duevel

November 2, 2023 The 30-year fixed-rate mortgage paused its multi-week climb but continues to hover under eight percent. The Federal Reserve again decided not to raise interest rates but have not ruled out a hike before year-end. Coupled with geopolitical … Continue reading →

Filed Under: Monthly Skinny Video

September Monthly Skinny Video

October 30, 2023 by Martineau Duevel

Filed Under: Monthly Skinny Video

Mortgage Rates Continue to Climb Toward Eight Percent

October 26, 2023 by Martineau Duevel

October 26, 2023 For the seventh week in a row, mortgage rates continued to climb toward eight percent, resulting in the longest consecutive rise since the Spring of 2022. Rates have risen two full percentage points in 2023 alone and, … Continue reading →

Filed Under: Monthly Skinny Video

Mortgage Rates Approach Eight Percent

October 19, 2023 by Martineau Duevel

October 19, 2023 Mortgage rates continued to approach eight percent this week, further impacting affordability. In this environment, it’s important that borrowers shop around with multiple lenders for the best mortgage rate. With research showing down payment is the single … Continue reading →

Filed Under: Monthly Skinny Video

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Mark J Duevel

Coldwell Banker Realty

Wayzata Office

235 Lake Street East, Suite 100

Wayzata, MN 55391-1774


952.473.3000 (Office )

612.963.7128 (Mobile)

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Jeff L Martineau

Coldwell Banker Realty

Wayzata Office

235 Lake Street East, Suite 100

Wayzata, MN 55391-1774


952.473.3000 (Office )

952.210.2626 (Mobile)

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  • Search
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    • Sellers
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  • About
    • Mark Duevel
    • Jeff Martineau
  • Contact
    • Contact Jeff
    • Contact Mark