Minnesota (MN) Mortgage Rates Today
Track mortgage interest rates in Minnesota. Current data, local market context, and a payment calculator for MN homebuyers.
Minnesota Housing Market Overview
Minnesota's Twin Cities offer a balanced market with moderate prices and stable employment. Cold-weather considerations and property taxes are typical factors for buyers.
Mortgage rates in Minnesota generally track the national average, with variations based on local lender competition, state-specific programs for first-time buyers, and regional economic conditions. The Minneapolis metro area typically represents the most active housing market in the state.
Minnesota Mortgage Calculator
Mortgage Calculator
Estimate only. Does not include taxes, insurance, PMI, or HOA fees.
Frequently Asked Questions
What is the average mortgage rate in Minnesota?
The average 30-year fixed mortgage rate in Minnesota is approximately 6.74%. Actual rates depend on your credit score, down payment, loan amount, and lender.
What is the median home price in Minnesota?
The median home price in Minnesota is approximately $330,000. This varies significantly by city and region within the state.
How do MN mortgage rates compare to the national average?
Minnesota mortgage rates are generally close to the national average but can vary based on local lender competition, state regulations, and property tax levels.
Should I buy a home in Minnesota now?
The decision to buy depends on your personal finances, job stability, and how long you plan to stay. Minnesota's housing market has its own dynamics. Consult a local real estate professional.