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Twin Cities median home sale price hits all-time November high of $310,000

Twin Cities median home sale price hits all-time November high of $310,000 Sales keep surging, though agents say signs are emerging that buyers are getting wary of rising prices.  December 17, 2020 5:24pm Text size Copy shortlink: For home sellers in the Twin Cities, November was one of the best on record by several measures. Buyers signed more purchase agreements than any November since 2004, and there haven t been as many closings since at least 2003, according to new data from the Minneapolis Area Realtors and the St. Paul Area Association of Realtors. House shoppers were also particularly decisive. With a median market time of a little more than two weeks, homes went under contract in record time and nearly 50 % faster than last year at the same time.

Wednesday s Best Mortgage Rates: Dec 16

Wednesday s Best Mortgage Rates: Dec. 16 Money.com 12/16/2020 © Money; Getty Images Mortgage-Rate-Dec-16-illo The overall number of mortgage applications increased last week as interest rates remained at record-lows. In November, purchase applications for newly built homes were down from October, but well above 2019 numbers. Meanwhile, mortgage rates are down from yesterday. Today’s Mortgage Rates The average rate for a 30-year fixed-rate purchase mortgage was 3.092% on Tuesday. On Monday, the average rate was 3.108%. Money’s mortgage rates include data from over 8,000 lenders across the United States and are updated daily. These rates include discount points and represent what a borrower with a 20% down payment and 700 credit scores roughly the national average FICO score would have been quoted.

Tuesday s Best Mortgage Rates: Dec 15

Tuesday s Best Mortgage Rates: Dec. 15 Money.com 12/15/2020 © Money; Getty Images Mortgage-Rate-Dec-15-illo The share of loans in forbearance declined for the first time in three weeks, but the slowing economy are causing an increase in plan entries. Meanwhile, mortgage rates ticked up from yesterday. Today’s Mortgage Rates The average rate for a 30-year fixed-rate purchase mortgage was 3.108% on Monday. On Friday, the average rate was 3.092%. Money’s mortgage rates include data from over 8,000 lenders across the United States and are updated daily. These rates include discount points and represent what a borrower with a 20% down payment and 700 credit scores roughly the national average FICO score would have been quoted.

This Weekend s Best Mortgage Rates: Dec 12 & 13

This Weekend s Best Mortgage Rates: Dec. 12 & 13 Money.com 12/12/2020 © Money; Getty Images Mortgage-Rate-Dec-12-illo The housing market remains hot as home prices and the pace of sales maintain year-over-year growth, fueled by low mortgage rates and low inventory. The third quarter saw record levels of mortgage loan originations, with refinances leading the way. Meanwhile, forbearance programs are set to expire at the end of the month, leaving millions of homeowners searching for options to avoid foreclosure. Mortgages rates trended downward throughout the week. Today’s Mortgage Rates The average rate for a 30-year fixed-rate purchase mortgage was 3.161% on Thursday. On Wednesday, the average rate was 3.169%.

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