Across Minnesota, rising mortgage rates weigh on home sales and listings

Across Minnesota, rising mortgage rates weigh on home sales and listings

The doubling of mortgage rates over the past year is beginning to weigh on home sales across Minnesota. This week, mortgage rates rose above 6% for the first time in 14 years, as lenders continue to price in expected hikes in the main rate set by the Federal Reserve. A new report from Minneapolis-area real …

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