local
Mortgage rates edge higher amid Iran tensions, inflation uncertainty
By Chris Williams at FOX 9 KMSP (FOX)
· June 27, 2026
· 1 min read
Mortgage rates edged slightly higher this week, with the average 30-year fixed loan rising to 6.49%, according to Freddie Mac, while remaining relatively stable over the past six weeks.
Key takeaway 49%, according to Freddie Mac, while remaining relatively stable over the past six weeks.
Why this matters in The Minneapolis
For Minneapolis homebuyers and homeowners considering refinancing, the slight uptick in mortgage rates may impact their decisions. With the average 30-year fixed loan rate at 6.49%, potential buyers may need to reassess their budgets and consider how the increased rates will affect their monthly payments. This could lead to a slowdown in the local housing market, as buyers may be less likely to purchase homes at higher interest rates. Additionally, the relative stability of mortgage rates over the past six weeks may provide some comfort to those in the market, as it suggests that rates are not skyrocketing. As the local economy continues to grow, the interplay between mortgage rates, housing prices, and buyer demand will be crucial to watch in the coming weeks and months. The Twin Cities area's housing market has been robust, but the effects of rising mortgage rates will be closely monitored by local real estate professionals and potential homebuyers.
About this story
Original reporting by FOX 9 KMSP (FOX) . The Minneapolis surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit FOX 9 KMSP (FOX) . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: June 27, 2026 ·
Source: FOX 9 KMSP (FOX) ·
Reading time: 1 min
Get more The Minneapolis stories like this
Free weekly briefing covering local and other local news. Curated by our editorial team. No spam.
By subscribing you agree to our privacy policy . Unsubscribe anytime.
Frequently asked about this story
What is this story about? Mortgage rates edged slightly higher this week, with the average 30-year fixed loan rising to 6.49%, according to Freddie Mac, while remaining relatively stable over the past six weeks.
When was this published? This article was first published on June 27, 2026 by FOX 9 KMSP (FOX) and curated for The Minneapolis readers.
Who reported this story? This story was reported by Chris Williams at FOX 9 KMSP (FOX). To learn more about how The Minneapolis selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from The Minneapolis, or browse our daily briefing and topic hubs .
← Back to all news
More local →
Today’s briefing
Subscribe to newsletter