May You Enjoy These Memorable Holiday Occasions with Friends and Family! The Minnesota and Wisconsin Housing markets have slowed for the season, but we expect new listings to start increasing right after the New Year! With increased inventory and lower interest rates, it seems to be a great time to make your lake home or cabin dream come true!
Here’s the recent mortgage rate update from the Primary Mortgage Market Survey published by Freddie Mac:
The 30-year fixed-rate mortgage averaged 6.21% as of Dec. 18, down slightly from last week when it averaged 6.22%. A year ago at this time, it averaged 6.72%.
The 15-year fixed-rate mortgage averaged 5.47%, down from last week when it averaged 5.54%. A year ago at this time, it averaged 5.92%.
Reach out anytime with real estate questions, or to start your search or plan a sale.
Happy Holidays from Our Home to Yours!