JH Callahan

Twin Cities Real Estate

Residential Commercial Investment

"We never promise more than we can deliver but we always deliver more than we promise"

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Archives for February 2026

Mortgage Rates Continue to Show Stability, Hovering Near 6%

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February 5, 2026
For the last several weeks, the 30-year fixed-rate mortgage has remained at its lowest level in years. The combination of improving affordability and availability of homes to purchase is a positive sign for buyers and sellers heading into the spring home sales season.

  • The 30-year fixed-rate mortgage averaged 6.11% as of February 5, 2026, up slightly from last week when it averaged 6.10%. A year ago at this time, the 30-year FRM averaged 6.89%.
  • The 15-year fixed-rate mortgage averaged 5.50%, up slightly from last week when it averaged 5.49%. A year ago at this time, the 15-year FRM averaged 6.05%.

Information provided by Freddie Mac.

Weekly Market Report

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For Week Ending January 24, 2026

U.S. new-home sales rose 18.7% year-over-year in October, reaching a seasonally adjusted annual rate of 737,000 units, according to long-awaited data from the U.S.Census Bureau. On a monthly basis, sales were essentially flat, dipping just 0.1% from September’s 738,000 units. The median new-home sales price fell 3.3% month-over-month to $392,300, down 8% from October 2024.

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING JANUARY 24:

  • New Listings decreased 11.2% to 806
  • Pending Sales decreased 5.6% to 571
  • Inventory decreased 0.3% to 7,510

FOR THE MONTH OF DECEMBER:

  • Median Sales Price increased 2.7% to $380,000
  • Days on Market increased 3.6% to 58
  • Percent of Original List Price Received decreased 0.2% to 96.8%
  • Months Supply of Homes For Sale remained flat at 2.0

All comparisons are to 2025

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

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1549 Livingston Avenue
Suite 109
West St Paul, MN 55118
651-455-8858

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