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Mortgage Rates Drop

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September 11, 2025
The 30-year fixed-rate mortgage fell 15 basis points from last week, the largest weekly drop in the past year. Mortgage rates are headed in the right direction and homebuyers have noticed, as purchase applications reached the highest year-over-year growth rate in more than four years.

Information provided by Freddie Mac.

Weekly Market Report

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For Week Ending August 30, 2025

Investors purchased 265,000 homes—nearly 27% of all homes sold—in the first quarter of 2025, according to a recent report from BatchData. That’s a 1.2% increase from the same period last year and represents the highest share in at least five years. Between 2020 and 2023, investors purchased an average of 18.5% of homes sold. Investor-owned properties now account for approximately 20% of the country’s 86 million single-family homes.

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING AUGUST 30:

  • New Listings increased 2.9% to 1,158
  • Pending Sales increased 7.9% to 952
  • Inventory increased 1.1% to 10,399

FOR THE MONTH OF JULY:

  • Median Sales Price increased 2.6% to $395,000
  • Days on Market increased 11.1% to 40
  • Percent of Original List Price Received decreased 0.2% to 99.3%
  • Months Supply of Homes For Sale remained flat at 2.7

All comparisons are to 2024

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

Mortgage Rates Tumble

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September 4, 2025
Mortgage rates continue to trend down, increasing optimism for new buyers and current owners alike. As rates continue to drop, the number of homeowners who have the opportunity to refinance is expanding. In fact, the share of market mortgage applications that were for a refinance reached nearly 47%, the highest since October.

Information provided by Freddie Mac.