Bruce Erickson

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

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Mortgage Rates Decrease

October 16, 2025 by nimdaerickson

October 16, 2025
Mortgage rates inched down this week and have held relatively steady over the past several weeks. Importantly, homeowners have noticed these consistently lower rates, driving an uptick in refinance activity. Combined with increased housing inventory and slower house price growth, these rates also are creating a more favorable environment for those looking to buy a home.

Information provided by Freddie Mac.

Filed Under: Interest Rates

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