Mortgage rates can change frequently based on market conditions and other economic factors, while the rate available to an individual borrower can also depend on loan type, credit profile, down payment, property type, and other qualifications. Current market averages are useful for understanding general trends, but they do not necessarily represent the rate you personally qualify for.

Use this page to review available mortgage rate information and compare potential financing scenarios. When evaluating mortgage offers, it is important to look beyond the advertised interest rate and understand the APR, points, lender fees, and other loan costs associated with the financing.

Different mortgage programs can carry different rates and terms. Conventional, FHA, VA, USDA, Jumbo, Non-QM, and other loan programs each have their own qualification requirements and pricing considerations. Your individual circumstances will help determine which options may be available to you.

If you are considering buying or refinancing in Minnesota, Dan Murray with LendSmart Mortgage can help you understand your available options and provide guidance based on your specific goals. Instead of relying only on a general market rate, you can discuss your circumstances and explore a mortgage solution that fits your needs.