Bruce Erickson

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Gain from experience

Over fifteen years of real estate experience in Minneapolis ans surrounding communities.

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Mortgage Rates Continue to Increase

May 12, 2022 by nimdaerickson

May 12, 2022
Homebuyers continue to show resilience even though rising mortgage rates are causing monthly payments to increase by about one-third as compared to a year ago. Several factors are contributing to this dynamic, including the large wave of first-time homebuyers looking to realize the dream of homeownership. In the months ahead, we expect monetary policy and inflation to discourage many consumers, weakening purchase demand and decelerating home price growth.

Information provided by Freddie Mac.

Filed Under: Interest Rates

$ 209,900 - Maple Grove MN 55369
429 Eagle Lake Drive
2 beds, 1 baths
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$ 1,495,000 - Wayzata MN 55391
480 Hillside Drive
5 beds, 5 baths
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$ 799,000 - Golden Valley MN 55426
365 Laurel Curve
4 beds, 3 baths
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