By learning more on the changes within the mortgage marketplace, you can build upon your knowledge and begin to make more effective decisions regarding your own home finances. Whether you’re considering purchasing a new home in the near future or refinancing your current home, you’ll require a clear understanding on current mortgage rates and the latest changes in the Minnesota marketplace. Let’s examine Minnesota mortgage rates in greater detail and learn more on the data that will impact your decisions.

The latest data shows that Minnesota mortgage rates are set to lower incrementally throughout 2017 as the housing market continues to stabilize both locally and nationally. The average for a 30-year-fixed mortgage reached a 2017 peak of 4.16% in March and since that time have lowered to 3.86%. The trends reveal that local mortgage rates in cities throughout Minnesota closely follow this trend and that rates should remain low throughout the year.

Expert Guidance Critical to Low Rate Options

Throughout the mortgage marketplace, buyers continue to struggle with understanding their options and in making the right choices regarding their financial future. The Mortgage Diversified team at Summit Mortgage Corporation are here to guide you in managing your mortgage rate selection and in choosing a loan option that safeguards your finances moving forward.

We monitor the trends throughout the Minnesota marketplace on a day-by-day basis. This means we have access to the latest actionable data to help drive effective decision making for local property buyers. Our team is adept at working on behalf of clients to secure affordable mortgage rates on Minnesota properties, and we’re available around the clock to answer your questions and help you move forward in your purchase.

Begin the property purchase process with local experts on your side. Contact our team today!