Twin Cities Mortgage Rates Fall
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On Friday my loan officers were quoting rates on 30yr fixed mortgages in the 5.5% – 6% range again… which is down more than .5% from just a couple weeks ago. On a $200,000 house, that means a monthly payment that is more than $80 less than it was just 2 weeks before. Or in other terms, it would be like taking $13,000 off the price of a $200,000 home.
