Compare Today’s Mortgage Rates for Minneapolis, Minnesota

Pureloan searches mortgage lenders and major banks in Minneapolis, Minnesota 55488 finding the best mortgage rates. We also provide a list of the best mortgage brokers in your area and an analysis of your future home loan payments. For a 30-year fixed loan, lifetime cash savings of $11,924 or $33 / month is expected in Minneapolis and other areas of Hennepin county.

Pureloan’s search engine explores all home mortgage options in Minneapolis, Minnesota 55488, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.

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Summary of Average Mortgage Terms in Minneapolis, Minnesota 55488

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive and Personalized Mortage Rates Analysis

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in Minneapolis, MN 55488, Pureloan has created an interactive chart to track the 5 largest nationwide lenders. Historical rates are based on closed mortgage financings, and projections are based on proprietary modeling.

Historical Mortgage Rates for Minneapolis, Minnesota 55488 from 2012 - 2019

We have compiled mortgage rate charts for home loans in Minneapolis, Minnesota and around Hennepin county to help you understand trends for your home purchase process. This data is produced from actual closed loans.

2013 2014 2015 2016 2017 2018 2019 2020
% 30 year fixed mortgage 90.45% 88.09% 88.15% 88.87% 92.59% 91.29% 92.43% 92.49%
avg mortgage rate 4.85% 4.61% 3.85% 3.93% 4.40% 4.08% 3.87% 4.09%
% 15 year fixed mortgage 6.75% 8.91% 8.89% 8.96% 5.77% 6.70% 6.03% 5.95%
avg mortgage rate 4.20% 3.90% 3.21% 3.07% 3.49% 3.29% 3.09% 3.11%
Avg credit score 768.41 766.70 764.00 762.15 756.78 754.96 753.27 752.33
Avg LTV (loan to value) 77.02% 79.31% 81.61% 82.72% 83.51% 84.33% 84.12% 83.28%
Avg DTI (debt to income) 32.97 33.18 32.84 33.24 34.03 34.27 34.39 34.57
% First time homebuyer 22.52% 19.02% 19.77% 27.02% 28.55% 27.81% 26.28% 30.03%
Avg mortgage insurance % 5.06% 7.63% 10.82% 12.45% 14.51% 15.49% 14.69% 13.80%

Data produced from the Financial Report of the US Government

Best Mortgage Brokers Around Minneapolis, Minnesota 55488

If you’re looking to buy a new home in Minneapolis, we have compiled a list of the leading mortgage brokers around Minneapolis, Minnesota 55488 to help you with your search.

Name
Address
Contact

Lj Melody & Company

81 S 9th St

Minneapolis MN 55488

(612) 336-4207

http://www.cbremelody.com

Rockwell Financial Group

800 Lasalle Ave

Minneapolis MN 55488

(866) 916-5550

Wells Fargo Equipment Finance

733 Marquette Ave

Minneapolis MN 55488

(612) 667-9876

marty.finn@wellsfargo.com

Wells Fargo Home Mortgage

733 Marquette Ave

Minneapolis MN 55488

(612) 339-7905

http://www.wellsfargo.com/mortgage/

Flagship Financial Mortgage Brokers

40 S 7th St

Minneapolis MN 55488

(612) 808-0712

http://minneapolismortgagebrokers.org/

Address

81 S 9th St

Minneapolis MN

Contact

(612) 336-4207

http://www.cbremelody.com

Address

800 Lasalle Ave

Minneapolis MN

Contact

(866) 916-5550

Address

733 Marquette Ave

Minneapolis MN

Contact

(612) 667-9876

marty.finn@wellsfargo.com

News on Mortgages and Reverse Mortgages for Minneapolis, Minnesota 55488