Bruce Erickson

612-382-4099

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Gain from experience

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

More about Bruce

Mortgage Rates Hover at Five Percent

April 28, 2022 by nimdaerickson

April 28, 2022
The combination of swift home price growth and the fastest mortgage rate increase in over forty years is finally affecting purchase demand. homebuyers navigating the current environment are coping in a variety of ways, including switching to adjustable-rate mortgages, moving away from expensive coastal cities, and looking to more affordable suburbs. We expect the decline in demand to soften home price growth to a more sustainable pace later this year.

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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