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Purpose: State: Loan Amount: Loan Type: Points:
$ GO
Institution Payments Rates Apr Points Fees Last Update   Phone
AimLoan.com – A Direct Lender $1122.61 3.500% 3.703% 1.697% $1950.00 10/07/2011
AimLoan.com – A Direct Lender $1140.13 3.625% 3.754% 0.789% $1950.00 10/07/2011
AimLoan.com – A Direct Lender $1157.79 3.750% 3.814% 0.000% $1950.00 10/07/2011
Data provided by Informa Research Services click here for details

Current Mortgage Rates


As home prices in the northern states decline, Minnesota Mortgage Rates have gained in popularity. Home buyers in Minneapolis, Saint Paul and other cities can look forward to low rates for both fixed and variable mortgages. The average home in Minnesota lists for $144,800.

Those currently looking for home loans in Minneapolis realize that today mortgage rates are lower than they were a year ago. As the state’s largest city, it has numerous listings for homes. The average home is valued at $155,800. A 30-year fixed rate mortgage is available with rates of 4.22 to 4.59 percent APR. In comparison, the national rate is 4.45 percent.

The state capital of Saint Paul is located nearby and generally shares a metro region with its neighbor. Homes in this city have an average listing price of $131,700. As in Minneapolis, a 30-year fixed rate mortgage can be found for a low of 4.22 percent. The Twin Cities area has numerous neighborhoods with home listings.

Located south of the Twin Cities, Mankato has homes with an average listing price of $150,000. A 15-year fixed mortgage can be obtained for rates of 3.51 to 4.04 percent, while the national average is 3.58 percent. Mankato is one of the state’s larger cities.

Like much of the Land of 10,000 Lakes, Saint Cloud enjoys low Minnesota Mortgage Rates. A 20-year fixed mortgage ranges from 4.01 to 4.78 percent here. Home buyers can take advantage of an average list price of $149,900 in the region.

To the north, Duluth has similar fixed mortgage rates. Those who prefer a variable rate mortgage may find the 5/1 ARM more appealing, though. The rates for this type of ARM can range from 2.97 to 3.34 percent APR. Nationally, the 5/1 ARM rate has been 3.15 percent.

Rochester’s residents have seen home prices average $149,900 in recent weeks. While the 5/1 ARM shares the same rates as those in Duluth, home buyers can qualify for a 7/1 ARM with a rate as low as 3.23 percent APR. This is a bit lower than the national average of 3.33 percent.

While today mortgage rates seem quite low, they may decline even more at a later date. Home buyers in Minneapolis and St. Paul can rely on Minnesota Mortgage Rates whether they seek out bargains or more luxurious properties.

4.25% 30 Year Fixed Rate
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