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The 30-Year Fixed-Rate Mortgage Shows Little Movement

July 24, 2025 by Jim Emond

July 24, 2025
This week, the 30-year fixed-rate mortgage essentially remained flat at 6.74%. Overall, the backdrop for the housing market is positive as the economy continues to perform well with solid employment and income growth.

Information provided by Freddie Mac.

Filed Under: Monthly Skinny Video

Existing Home Sales

July 24, 2025 by Jim Emond

Filed Under: St Paul Pioneer Press

June Monthly Skinny Video

July 24, 2025 by Jim Emond

Filed Under: Monthly Skinny Video

New Listings and Pending Sales

July 22, 2025 by Jim Emond

Filed Under: The Skinny

Inventory

July 22, 2025 by Jim Emond

Filed Under: Weekly Report

Weekly Market Report

July 22, 2025 by Jim Emond

For Week Ending July 12, 2025

As housing inventory builds up, an increasing number of U.S. homebuilders have been making price reductions to help boost new-home sales. According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), 37% of builders reported cutting prices in June, up from 34% in May. The average price reduction was 5%, while the use of sales incentives, including mortgage rate buydowns, rose slightly to 62%.

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING JULY 12:

  • New Listings increased 9.9% to 1,843
  • Pending Sales increased 3.9% to 949
  • Inventory increased 5.8% to 9,901

FOR THE MONTH OF JUNE:

  • Median Sales Price increased 2.8% to $401,000
  • Days on Market increased 11.4% to 39
  • Percent of Original List Price Received decreased 0.1% to 100.0%
  • Months Supply of Homes For Sale increased 4.0% to 2.6

All comparisons are to 2024

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

Filed Under: Weekly Report

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