MORTGAGE RATES NEAR 7% AGAIN: WHAT TWIN CITIES BUYERS AND SELLERS SHOULD KNOW
Posted by Mike Seebinger on
Mortgage Rates Near 7% Again: What Twin Cities Buyers and Sellers Should Know
Mortgage rates moved higher again in September, putting affordability back at the center of the real estate conversation.
As of September 17, 2026, Freddie Mac reported the average 30-year fixed mortgage rate at 6.95%, up from 6.76% the week before.
At nearly the same time, the Federal Reserve raised its benchmark federal funds rate by a quarter percentage point, bringing the target range to 3.75% to 4.00%.
For Twin Cities buyers and sellers, the important question is not simply whether rates are “high.”
It is how this rate environment changes monthly payments, buyer behavior, competition, pricing, and negotiating strategy.
Mortgage Rates Are Back Near 7%
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