Company logo with customizable text for branding and marketing purposes

Published October 16, 2024

Are rates lower and Wright County Market Update Oct 16, 2024

Author Avatar

Written by Erica Carlson

Are rates lower and Wright County Market Update Oct 16, 2024 header image.



I’m excited to share this week’s real estate market data for Wright County/Twin Cities as of Oct 16 and Molly Zimmerman - Bell Bank Mortgage is back to discuss if rates are any lower since the Fed cut.

The Fed cut rates by 50 basis points on September 18, initiating a new loosening cycle. Since then, average 30-year mortgage rates have RISEN by 50 basis points to around 6.60%. Why? Because September jobs growth was a lot stronger, and September inflation (CPI) a bit hotter than expected. Hope you enjoy my weekly update on national and local real estate! 

Check out this link to set up a discovery call or get a neighborhood market report... https://bit.ly/m/EricaCarlson

Tags

market update

FEATURED PROPERTY SEARCHES

Minnesota Condos and Lofts | Minnesota Golf Course Homes for Sale | Minnesota Historic Homes and Real Estate | Minnesota 1+ Acre Homes for Sale | Minnesota Lakefront Homes for Sale | Minnesota Lake and Acreage (5 acres or more) | Minnesota Newest Listings | Minnesota Open Houses | Minneapolis Condos and Townhouses | Minneapolis Lakefront Properties | Minneapolis Land and Lot Sales | Minneapolis Luxury Homes | Minneapolis Multi-Family Homes for Sale | Minneapolis New Construction | Minneapolis Open Houses | Minnesota Homes Price Just Reduced |

|

I agree to receive automated marketing calls and texts (SMS/MMS) from , its affiliates and their agents. Msg & data rates may apply. Msg frequency varies. Reply STOP to cancel. Consent is not required for purchase. I also agree to the Terms of Use and Privacy Policy.

home

Are you buying or selling a home?

Buying
Selling
Both
home

When are you planning on buying a new home?

1-3 Mo
3-6 Mo
6+ Mo
home

Are you pre-approved for a mortgage?

Yes
No
Using Cash
home

Would you like to schedule a consultation now?

Yes
No

When would you like us to call?

Thanks! We’ll give you a call as soon as possible.

home

When are you planning on selling your home?

1-3 Mo
3-6 Mo
6+ Mo

Would you like to schedule a consultation or see your home value?

Schedule Consultation
My Home Value

or another way